Looking to balance out your exposure to MAR? The ETFs below have the lowest correlation with MAR — they tend to move on their own, which can help reduce risk when MAR drops. The stock ideas table highlights individual companies that behave independently from MAR.
Best Diversifiers for MAR
2 ETFs have low correlation with MAR (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.14, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.14 | 0.30 | 0.42 | 89 | Leveraged Equities, Semiconductors | MAR vs USD | |
| Direxion Daily Technology Bull 3X Shares | 0.24 | 0.39 | 0.48 | 84 | Leveraged Equities, Technology Equities | MAR vs TECL | |
| Invesco QQQ ETF | 0.35 | 0.45 | 0.51 | 74 | Nasdaq-100 | MAR vs QQQ | |
| Schwab U.S. Dividend Equity ETF | 0.42 | 0.45 | 0.51 | 85 | Dividend | MAR vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.54 | 0.59 | 74 | S&P 500 | MAR vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAR and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.09 | 0.09 | 0.22 | 84 | Energy | |
| Diamondback Energy, Inc. | -0.06 | 0.11 | 0.23 | 81 | Energy | |
| Apache Corporation | -0.06 | 0.11 | 0.26 | 91 | Energy | |
| Viper Energy Partners LP | -0.05 | 0.16 | 0.25 | 64 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.11 | 0.24 | 86 | Energy |
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Build a portfolio that complements MAR
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Analyze a portfolio with MAR