Looking to balance out your exposure to MAT? The ETFs below have the lowest correlation with MAT — they tend to move on their own, which can help reduce risk when MAT drops. The stock ideas table highlights individual companies that behave independently from MAT.
Best Diversifiers for MAT
5 ETFs have low correlation with MAT (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | MAT vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.07 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | MAT vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.13 | 0.09 | 0.07 | 99 | Ultrashort Bond | MAT vs JPST | |
| VanEck Semiconductor ETF | 0.20 | 0.24 | 0.39 | 94 | Semiconductors, Technology Equities | MAT vs SMH | |
| iShares MSCI Global Metals & Mining Producers ETF | 0.22 | 0.30 | 0.36 | 69 | Metals, Natural Resources, Materials | MAT vs PICK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAT and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | 0.15 | 0.20 | 74 | Energy | |
| Plains All American Pipeline, L.P. | -0.01 | 0.20 | 0.28 | 79 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.01 | 0.12 | 0.14 | 75 | Energy | |
| First Solar, Inc. | 0.07 | 0.17 | 0.24 | 74 | Technology | |
| Lockheed Martin Corporation | 0.07 | 0.09 | 0.11 | 52 | Industrials |
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Build a portfolio that complements MAT
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