Looking to balance out your exposure to MATX? The ETFs below have the lowest correlation with MATX — they tend to move on their own, which can help reduce risk when MATX drops. The stock ideas table highlights individual companies that behave independently from MATX.
Best Diversifiers for MATX
3 ETFs have low correlation with MATX (below 0.3), 1 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 -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | 0.01 | 0.12 | 55 | Commodities | MATX vs PDBC | |
| iShares Treasury Floating Rate Bond ETF | 0.06 | -0.03 | -0.06 | 100 | Government Bonds, Ultrashort Bond | MATX vs TFLO | |
| iShares Short Duration Bond Active ETF | 0.16 | 0.05 | 0.04 | 89 | Short-Term Bond | MATX vs NEAR | |
| iShares MSCI South Korea ETF | 0.31 | 0.29 | 0.33 | 90 | South Korea Equities, Asia Pacific Equities | MATX vs EWY | |
| iShares MSCI USA Momentum Factor ETF | 0.35 | 0.39 | 0.43 | 60 | Momentum, Large Cap Blend Equities | MATX vs MTUM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MATX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MATX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.07 | 0.09 | 0.14 | 53 | Industrials | |
| Walmart Inc. | -0.01 | 0.10 | 0.15 | 71 | Consumer Defensive | |
| Sabine Royalty Trust | 0.01 | 0.16 | 0.22 | 65 | Energy | |
| Devon Energy Corporation | 0.02 | 0.21 | 0.30 | 72 | Energy | |
| Chord Energy Corp | 0.03 | 0.19 | 0.28 | 59 | Energy |
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Build a portfolio that complements MATX
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