Looking to balance out your exposure to MCB? The ETFs below have the lowest correlation with MCB — they tend to move on their own, which can help reduce risk when MCB drops. The stock ideas table highlights individual companies that behave independently from MCB.
Best Diversifiers for MCB
0 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 0.37, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.37 | 0.38 | 0.45 | 70 | S&P 500 | MCB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCB and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.38, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.38 | 0.42 | 0.47 | 59 | Financial Services | |
| Barclays PLC | 0.38 | 0.41 | 0.45 | 73 | Financial Services | |
| Citigroup Inc. | 0.42 | 0.50 | 0.51 | 91 | Financial Services | |
| Genworth Financial, Inc. | 0.46 | 0.46 | 0.45 | 62 | Financial Services | |
| Flagstar Financial, Inc. | 0.54 | 0.51 | 0.53 | 61 | Financial Services |
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