Looking to balance out your exposure to MAIN? The ETFs below have historically moved differently from MAIN, 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 MAIN
153 ETFs have low correlation with MAIN (below 0.3), 13 of which are negatively correlated. The least correlated is KFA Mount Lucas Index Strategy ETF (KMLM) (Systematic Trend) with a 1Y correlation of -0.10, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KFA Mount Lucas Index Strategy ETF | -0.10 | -0.07 | -0.10 | 51 | Systematic Trend | MAIN vs KMLM | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | 0.04 | 0.12 | 70 | Commodities | MAIN vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.09 | 0.05 | 0.12 | 68 | Commodities | MAIN vs DBC | |
| Alpha Architect 1-3 Month Box ETF | -0.05 | 0.00 | — | 100 | Ultrashort Bond | MAIN vs BOXX | |
| 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
The table shows companies with at least $1B in market capitalization, historical correlation data for MAIN, 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 Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.16 | 0.03 | 0.11 | 98 | Utilities | |
| Duke Energy Corporation | -0.11 | 0.07 | 0.15 | 52 | Utilities | |
| Occidental Petroleum Corporation | -0.10 | 0.10 | 0.22 | 68 | Energy | |
| Murphy USA Inc. | -0.07 | 0.07 | 0.15 | 87 | Consumer Cyclical | |
| Eli Lilly and Company | -0.07 | 0.11 | 0.16 | 79 | Healthcare |
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