Looking to balance out your exposure to MAA? The ETFs below have the lowest correlation with MAA — they tend to move on their own, which can help reduce risk when MAA drops. The stock ideas table highlights individual companies that behave independently from MAA.
Best Diversifiers for MAA
7 ETFs have low correlation with MAA (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson B-BBB CLO ETF (JBBB) (CLO) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson B-BBB CLO ETF | 0.04 | 0.06 | 0.08 | 51 | CLO | MAA vs JBBB | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.05 | 0.14 | 0.28 | 74 | Nasdaq-100, Derivative Income | MAA vs JEPQ | |
| Schwab Fundamental Emerging Markets Large Company ... | 0.14 | 0.22 | 0.26 | 72 | Emerging Markets Equities | MAA vs FNDE | |
| Vanguard S&P 500 ETF | 0.15 | 0.28 | 0.42 | 70 | S&P 500 | MAA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.28 | 0.42 | 70 | S&P 500 | MAA vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAA and solid risk/return profiles. The least correlated is Lumen Technologies, Inc. (LUMN) (Communication Services) with a 1Y correlation of -0.00, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumen Technologies, Inc. | -0.00 | 0.19 | 0.23 | 81 | Communication Services | |
| BlackBerry Limited | 0.05 | 0.17 | 0.21 | 90 | Technology | |
| Plains All American Pipeline, L.P. | 0.07 | 0.18 | 0.22 | 87 | Energy | |
| Apache Corporation | 0.08 | 0.14 | 0.16 | 90 | Energy | |
| Citigroup Inc. | 0.11 | 0.24 | 0.27 | 91 | Financial Services |
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Build a portfolio that complements MAA
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