Looking to balance out your exposure to MBIN? The ETFs below have the lowest correlation with MBIN — they tend to move on their own, which can help reduce risk when MBIN drops. The stock ideas table highlights individual companies that behave independently from MBIN.
Best Diversifiers for MBIN
0 ETFs have low correlation with MBIN (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 0.39, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.41 | 0.45 | 70 | S&P 500 | MBIN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MBIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MBIN and solid risk/return profiles. The least correlated is KLA Corporation (KLAC) (Technology) with a 1Y correlation of 0.18, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| KLA Corporation | 0.18 | 0.23 | 0.30 | 95 | Technology | |
| Ituran Location and Control Ltd. | 0.32 | 0.29 | 0.29 | 88 | Technology |
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