Looking to balance out your exposure to MBLY? The ETFs below have the lowest correlation with MBLY — they tend to move on their own, which can help reduce risk when MBLY drops. The stock ideas table highlights individual companies that behave independently from MBLY.
Best Diversifiers for MBLY
0 ETFs have low correlation with MBLY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.49, roughly unchanged from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.42 | — | 70 | S&P 500 | MBLY vs SPY | |
| Vanguard S&P 500 ETF | 0.50 | 0.42 | — | 70 | S&P 500 | MBLY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MBLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MBLY and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.07, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.07 | 0.17 | — | 69 | Energy | |
| Elbit Systems Ltd | 0.08 | 0.06 | — | 88 | Industrials | |
| NVIDIA Corporation | 0.19 | 0.23 | — | 78 | Technology | |
| Teva Pharmaceutical Industries Limited | 0.19 | 0.19 | — | 90 | Healthcare | |
| Alphabet Inc. Class A | 0.19 | 0.26 | — | 96 | Communication Services |
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