Looking to balance out your exposure to MAC? The ETFs below have historically moved differently from MAC, 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 MAC
1 ETFs have low correlation with MAC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.44 | 0.52 | 78 | S&P 500 | MAC vs VOO | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | 0.58 | 0.61 | 0.64 | 81 | S&P 500, Dividend | MAC vs SPYD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MAC, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.19 | 0.31 | 82 | Energy | |
| CoreCivic, Inc. | 0.16 | 0.22 | 0.29 | 81 | Real Estate | |
| Visa Inc. | 0.29 | 0.28 | 0.35 | 55 | Financial Services | |
| JPMorgan Chase & Co. | 0.33 | 0.39 | 0.46 | 73 | Financial Services | |
| Four Corners Property Trust, Inc. | 0.35 | 0.43 | 0.46 | 54 | Real Estate |
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