Looking to balance out your exposure to MBUU? The ETFs below have historically moved differently from MBUU, 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 MBUU
0 ETFs have low correlation with MBUU (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 0.35, down from 0.47 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 | 0.35 | 0.40 | 0.47 | 72 | S&P 500 | MBUU vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.41 | 0.48 | 72 | S&P 500 | MBUU vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MBUU, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.01 | 0.13 | 0.12 | 73 | Healthcare | |
| AXIS Capital Holdings Limited | 0.08 | 0.16 | 0.24 | 59 | Financial Services | |
| Eli Lilly and Company | 0.08 | 0.10 | 0.11 | 77 | Healthcare | |
| Visa Inc. | 0.10 | 0.21 | 0.29 | 54 | Financial Services | |
| Valaris Limited | 0.11 | 0.24 | 0.24 | 79 | Energy |
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