Looking to balance out your exposure to MANH? The ETFs below have the lowest correlation with MANH — they tend to move on their own, which can help reduce risk when MANH drops. The stock ideas table highlights individual companies that behave independently from MANH.
Best Diversifiers for MANH
1 ETFs have low correlation with MANH (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.06, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.06 | 0.33 | 0.47 | 95 | Semiconductors, Technology Equities | MANH vs SMH | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.51 | 0.61 | 63 | S&P 500 | MANH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MANH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MANH and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) 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 |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.15 | 0.02 | 0.13 | 76 | Consumer Defensive | |
| Walmart Inc. | -0.12 | 0.09 | 0.17 | 68 | Consumer Defensive | |
| Vertiv Holdings Co. | -0.07 | 0.25 | 0.36 | 94 | Industrials | |
| Mitsui & Company Ltd | -0.02 | 0.17 | 0.20 | 73 | Industrials | |
| Nextracker Inc | -0.01 | 0.14 | 0.15 | 82 | Technology |
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