Looking to balance out your exposure to MBLY? The ETFs below have historically moved differently from MBLY, 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 MBLY
3 ETFs have low correlation with MBLY (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.02, down from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.02 | 0.08 | — | 76 | Energy Equities | MBLY vs XLE | |
| iShares U.S. Pharmaceuticals ETF | 0.17 | 0.16 | — | 96 | Health & Biotech Equities | MBLY vs IHE | |
| SPDR S&P Biotech ETF | 0.27 | 0.29 | — | 94 | Health & Biotech Equities | MBLY vs XBI | |
| iShares Core Dividend Growth ETF | 0.33 | 0.31 | — | 91 | Large Cap Growth Equities, Dividend | MBLY vs DGRO | |
| Avantis International Small Cap Value ETF | 0.36 | 0.30 | — | 82 | Foreign Small & Mid Cap Equities | MBLY vs AVDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MBLY, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.02, down from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.02 | 0.15 | — | 81 | Energy | |
| The Charles Schwab Corporation | 0.10 | 0.18 | 0.17 | 54 | Financial Services | |
| Teva Pharmaceutical Industries Limited | 0.12 | 0.18 | 0.17 | 97 | Healthcare | |
| Elbit Systems Ltd. | 0.16 | 0.07 | 0.09 | 85 | Industrials | |
| IREN Limited | 0.18 | 0.22 | 0.24 | 78 | Financial Services |
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