Looking to balance out your exposure to MAIN? The ETFs below have the lowest correlation with MAIN — they tend to move on their own, which can help reduce risk when MAIN drops. The stock ideas table highlights individual companies that behave independently from MAIN.
Best Diversifiers for MAIN
138 ETFs have low correlation with MAIN (below 0.3), 11 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.12 | 0.02 | 0.01 | 100 | Ultrashort Bond | MAIN vs BOXX | |
| United States Oil Fund LP | -0.10 | 0.02 | 0.08 | 66 | Oil & Gas | MAIN vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.08 | 0.03 | 0.10 | 54 | Leveraged Commodities | MAIN vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 0.01 | -0.01 | 100 | Ultrashort Bond | MAIN vs SGOV | |
| Invesco DB Commodity Index Tracking Fund | -0.05 | 0.08 | 0.14 | 75 | Commodities | MAIN vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAIN and solid risk/return profiles. The least correlated is Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.15 | 0.05 | 0.13 | 90 | Utilities | |
| Duke Energy Corporation | -0.13 | 0.08 | 0.15 | 53 | Utilities | |
| The Coca-Cola Company | -0.08 | 0.06 | 0.19 | 66 | Consumer Defensive | |
| Altria Group, Inc. | -0.06 | 0.07 | 0.16 | 69 | Consumer Defensive | |
| Eli Lilly and Company | -0.06 | 0.10 | 0.16 | 72 | Healthcare |
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