Looking to balance out your exposure to MATW? The ETFs below have the lowest correlation with MATW — they tend to move on their own, which can help reduce risk when MATW drops. The stock ideas table highlights individual companies that behave independently from MATW.
Best Diversifiers for MATW
0 ETFs have low correlation with MATW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.33, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.33 | 0.38 | 0.43 | 66 | S&P 500 | MATW vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MATW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MATW and solid risk/return profiles. The least correlated is Axsome Therapeutics, Inc. (AXSM) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Axsome Therapeutics, Inc. | 0.12 | 0.21 | 0.20 | 96 | Healthcare | |
| IRSA Inversiones y Representaciones Sociedad Anóni... | 0.14 | 0.18 | 0.20 | 55 | Industrials | |
| Iovance Biotherapeutics, Inc. | 0.20 | 0.25 | 0.23 | 77 | Healthcare | |
| Global Industrial Company | 0.38 | 0.46 | 0.48 | 70 | Industrials | |
| MSC Industrial Direct Co., Inc. | 0.39 | 0.44 | 0.46 | 90 | Industrials |
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