Looking to diversify beyond MYMJ? The ETFs below have the lowest correlation with MYMJ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MYMJ.
Best Diversifiers for MYMJ
834 ETFs have low correlation with MYMJ (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bastion Energy ETF | -0.32 | — | — | 86 | Energy Equities | MYMJ vs BESF | |
| Fidelity Managed Futures ETF | -0.25 | — | — | 66 | Systematic Trend | MYMJ vs FFUT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.24 | — | — | 65 | Commodities | MYMJ vs CMDT | |
| VanEck CMCI Commodity Strategy ETF | -0.24 | — | — | 66 | Commodities | MYMJ vs CMCI | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | — | — | 67 | Commodities | MYMJ vs FAAR |
See all 1132 diversifiers for MYMJ
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Diversification Analysis
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