Looking to balance out your exposure to MBIN? The ETFs below have historically moved differently from MBIN, 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 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 0.30, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.40 | 0.44 | 72 | S&P 500 | MBIN vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MBIN, 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 Frontline Ltd. (FRO) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | 0.02 | 0.04 | 0.10 | 92 | Industrials | |
| ONE Gas, Inc. | 0.14 | 0.26 | 0.26 | 61 | Utilities | |
| KLA Corporation | 0.14 | 0.23 | 0.29 | 87 | Technology | |
| Ituran Location and Control Ltd. | 0.28 | 0.29 | 0.29 | 80 | Technology | |
| Allison Transmission Holdings, Inc. | 0.31 | 0.40 | 0.40 | 76 | Consumer Cyclical |
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