Looking to balance out your exposure to MA.NEO? The ETFs below have the lowest correlation with MA.NEO — they tend to move on their own, which can help reduce risk when MA.NEO drops. The stock ideas table highlights individual companies that behave independently from MA.NEO.
No Diversifiers Found for MA.NEO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MA.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MA.NEO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.15 | 0.18 | — | 94 | Financial Services | |
| National Bank of Canada | 0.21 | 0.25 | — | 96 | Financial Services |
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