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
894 ETFs have low correlation with MYMJ (below 0.3), 34 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bastion Energy ETF | -0.29 | — | — | 75 | Energy Equities | MYMJ vs BESF | |
| Fidelity Managed Futures ETF | -0.22 | — | — | 64 | Systematic Trend | MYMJ vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.21 | — | — | 70 | Commodities | MYMJ vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.20 | -0.20 | -0.20 | 99 | Ultrashort Bond | MYMJ vs CSHP | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.20 | -0.12 | -0.12 | 50 | Commodities | MYMJ vs CERY |
See all 1146 diversifiers for MYMJ
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Diversification Analysis
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