Looking to balance out your exposure to MCD? The ETFs below have historically moved differently from MCD, 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 MCD
264 ETFs have low correlation with MCD (below 0.3), 111 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.31, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.31 | -0.11 | 0.08 | 57 | Leveraged Equities, Semiconductors | MCD vs USD | |
| Direxion Daily MU Bull 2X Shares | -0.29 | — | — | 98 | Leveraged Equities, Semiconductors | MCD vs MUU | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.28 | — | — | 88 | Artificial Intelligence, Technology Equities | MCD vs AIS | |
| Roundhill Generative AI & Technology ETF | -0.27 | -0.08 | — | 69 | Artificial Intelligence, Technology Equities | MCD vs CHAT | |
| Invesco PHLX Semiconductor ETF | -0.25 | -0.07 | 0.10 | 88 | Semiconductors, Technology Equities | MCD vs SOXQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MCD, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.28, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.28 | -0.11 | -0.01 | 76 | Technology | |
| Micron Technology, Inc. | -0.28 | -0.13 | 0.03 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.26 | -0.05 | 0.08 | 93 | Technology | |
| Sterling Infrastructure, Inc. | -0.25 | -0.05 | 0.07 | 75 | Industrials | |
| BlackRock Science and Technology Term Trust | -0.25 | -0.03 | 0.12 | 89 | Financial Services |
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