Looking to balance out your exposure to M? The ETFs below have the lowest correlation with M — they tend to move on their own, which can help reduce risk when M drops. The stock ideas table highlights individual companies that behave independently from M.
Best Diversifiers for M
20 ETFs have low correlation with M (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.13, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.13 | 0.17 | 0.17 | 57 | Silver, Precious Metals | M vs SLVP | |
| SPDR S&P Kensho Final Frontiers ETF | 0.17 | 0.36 | 0.43 | 94 | Industrials Equities | M vs ROKT | |
| TrueShares Eagle Global Renewable Energy Income ET... | 0.17 | 0.23 | — | 81 | Energy Equities | M vs RNWZ | |
| First Trust Asia Pacific ex-Japan AlphaDEX Fund | 0.18 | 0.21 | 0.22 | 86 | Asia Pacific Equities | M vs FPA | |
| VanEck Oil Refiners ETF | 0.18 | 0.30 | 0.37 | 93 | Energy Equities | M vs CRAK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from M, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to M and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.03 | 0.13 | 73 | Consumer Defensive | |
| The Southern Company | -0.09 | 0.00 | 0.01 | 52 | Utilities | |
| Shell plc | -0.05 | 0.13 | 0.22 | 81 | Energy | |
| Exxon Mobil Corporation | -0.02 | 0.15 | 0.24 | 86 | Energy | |
| British American Tobacco p.l.c. | -0.02 | 0.09 | 0.13 | 77 | Consumer Defensive |
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