Looking to balance out your exposure to MATX? The ETFs below have historically moved differently from MATX, 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 MATX
6 ETFs have low correlation with MATX (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.15, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.01 | 0.12 | 72 | Commodities | MATX vs PDBC | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.03 | 0.01 | 100 | Ultrashort Bond | MATX vs SGOV | |
| iShares Treasury Floating Rate Bond ETF | 0.06 | -0.02 | -0.06 | 100 | Government Bonds, Ultrashort Bond | MATX vs TFLO | |
| Global X MLP & Energy Infrastructure ETF | 0.07 | 0.24 | 0.34 | 74 | Infrastructure Equities, MLPs | MATX vs MLPX | |
| iShares Short Duration Bond Active ETF | 0.17 | 0.06 | 0.04 | 91 | Short-Term Bond | MATX vs NEAR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MATX, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.00, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.00 | 0.20 | 0.30 | 76 | Energy | |
| Sabine Royalty Trust | -0.00 | 0.16 | 0.21 | 64 | Energy | |
| Chord Energy Corp | -0.00 | 0.19 | 0.27 | 69 | Energy | |
| Verizon Communications Inc. | 0.01 | 0.07 | 0.09 | 66 | Communication Services | |
| Arch Capital Group Ltd. | 0.02 | 0.17 | 0.22 | 67 | Financial Services |
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