Looking to balance out your exposure to MA? The ETFs below have the lowest correlation with MA — they tend to move on their own, which can help reduce risk when MA drops. The stock ideas table highlights individual companies that behave independently from MA.
Best Diversifiers for MA
263 ETFs have low correlation with MA (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.15 | -0.08 | 0.05 | 54 | Leveraged Commodities | MA vs UCO | |
| United States Oil Fund LP | -0.13 | -0.08 | 0.05 | 66 | Oil & Gas | MA vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.13 | -0.05 | 0.08 | 76 | Commodities | MA vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | -0.05 | 0.07 | 76 | Commodities | MA vs DBC | |
| GraniteShares 2x Long AMD Daily ETF | -0.12 | — | — | 96 | Leveraged Equities | MA vs AMDL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MA and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.12 | 0.11 | 0.28 | 97 | Technology | |
| Quanta Services, Inc. | -0.12 | 0.17 | 0.29 | 94 | Industrials | |
| Celestica Inc. | -0.12 | 0.07 | 0.24 | 94 | Technology | |
| Clearway Energy, Inc. | -0.11 | 0.07 | 0.19 | 79 | Utilities | |
| Lumentum Holdings Inc. | -0.10 | 0.08 | 0.24 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MA
Add MA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MA