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
141 ETFs have low correlation with MAIN (below 0.3), 9 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.06 | -0.00 | — | 100 | Ultrashort Bond | MAIN vs BOXX | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | 0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | MAIN vs USFR | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.06 | 0.07 | 0.14 | 60 | Commodities | MAIN vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.06 | 0.07 | 0.14 | 59 | Commodities | MAIN vs DBC | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.01 | -0.01 | 100 | Ultrashort Bond | MAIN vs SGOV |
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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 -0.17, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.17 | 0.03 | 0.12 | 96 | Utilities | |
| Duke Energy Corporation | -0.11 | 0.07 | 0.15 | 65 | Utilities | |
| The Coca-Cola Company | -0.08 | 0.06 | 0.19 | 82 | Consumer Defensive | |
| The Southern Company | -0.08 | 0.09 | 0.16 | 58 | Utilities | |
| Eli Lilly and Company | -0.06 | 0.10 | 0.15 | 78 | Healthcare |
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Build a portfolio that complements MAIN
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