Looking to balance out your exposure to MCB? The ETFs below have historically moved differently from MCB, 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 MCB
1 ETFs have low correlation with MCB (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 0.28, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.36 | 0.44 | 67 | S&P 500 | MCB vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MCB, 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 Barclays PLC (BCS) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barclays PLC | 0.35 | 0.38 | 0.44 | 79 | Financial Services | |
| JPMorgan Chase & Co. | 0.36 | 0.41 | 0.46 | 71 | Financial Services | |
| Citigroup Inc. | 0.41 | 0.49 | 0.51 | 84 | Financial Services | |
| Genworth Financial, Inc. | 0.42 | 0.46 | 0.45 | 76 | Financial Services | |
| Webster Financial Corporation | 0.55 | 0.61 | 0.64 | 85 | Financial Services |
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