Looking to balance out your exposure to MBOT? The ETFs below have the lowest correlation with MBOT — they tend to move on their own, which can help reduce risk when MBOT drops. The stock ideas table highlights individual companies that behave independently from MBOT.
Best Diversifiers for MBOT
0 ETFs have low correlation with MBOT (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 0.34, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.30 | 0.29 | 74 | S&P 500 | MBOT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.30 | 0.29 | 74 | S&P 500 | MBOT vs SPY |
Diversification Analysis
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