Looking to balance out your exposure to MA? The ETFs below have historically moved differently from MA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MA
237 ETFs have low correlation with MA (below 0.3), 55 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | -0.22 | — | — | 85 | Leveraged Equities | MA vs AMDL | |
| Direxion Daily MU Bull 2X Shares | -0.19 | — | — | 98 | Leveraged Equities, Semiconductors | MA vs MUU | |
| ProShares Ultra Semiconductors | -0.18 | 0.07 | 0.30 | 50 | Leveraged Equities, Semiconductors | MA vs USD | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.09 | 0.04 | 64 | Commodities | MA vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.09 | 0.04 | 65 | Commodities | MA vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.21, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.21 | 0.05 | 0.21 | 82 | Technology | |
| Quanta Services, Inc. | -0.21 | 0.12 | 0.26 | 78 | Industrials | |
| Advanced Micro Devices, Inc. | -0.20 | 0.06 | 0.25 | 93 | Technology | |
| Sterling Infrastructure, Inc. | -0.20 | 0.12 | 0.21 | 83 | Industrials | |
| Micron Technology, Inc. | -0.19 | 0.02 | 0.21 | 99 | Technology |
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