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
6 ETFs have low correlation with MAA (below 0.3), 1 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.01, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.01 | 0.14 | — | 64 | Nasdaq-100, Derivative Income | MAA vs JEPQ | |
| Schwab Fundamental Emerging Markets Equity ETF | 0.08 | 0.20 | 0.24 | 53 | Emerging Markets Equities | MAA vs FNDE | |
| Vanguard S&P 500 ETF | 0.10 | 0.28 | 0.41 | 60 | S&P 500 | MAA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.27 | 0.41 | 60 | S&P 500 | MAA vs SPY | |
| Janus Henderson AAA CLO ETF | 0.16 | 0.12 | 0.09 | 98 | CLO | MAA vs JAAA |
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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 -0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumen Technologies, Inc. | -0.04 | 0.17 | 0.23 | 74 | Communication Services | |
| BlackBerry Limited | 0.04 | 0.17 | 0.21 | 84 | Technology | |
| Apache Corporation | 0.09 | 0.14 | 0.16 | 86 | Energy | |
| Citigroup Inc. | 0.10 | 0.23 | 0.27 | 94 | Financial Services | |
| Brookfield Renewable Corporation | 0.11 | 0.16 | 0.16 | 61 | Utilities |
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Build a portfolio that complements MAA
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