Looking to diversify beyond MCHI? The ETFs below have the lowest correlation with MCHI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MCHI.
Best Diversifiers for MCHI
342 ETFs have low correlation with MCHI (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.19, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.19 | -0.16 | -0.11 | 61 | Leveraged Currency | MCHI vs YCS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.10 | -0.01 | — | 77 | Commodities | MCHI vs ISCMF | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | MCHI vs USFR | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | 0.02 | 0.06 | 100 | Ultrashort Bond | MCHI vs MINT | |
| Texas Capital Government Money Market ETF | -0.09 | — | — | 100 | Money Market | MCHI vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCHI and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.16 | -0.03 | 0.06 | 68 | Financial Services | |
| Duke Energy Corporation | -0.15 | 0.03 | 0.01 | 62 | Utilities | |
| Altria Group, Inc. | -0.14 | 0.03 | 0.05 | 70 | Consumer Defensive | |
| The Southern Company | -0.10 | 0.07 | 0.04 | 55 | Utilities | |
| The Coca-Cola Company | -0.08 | 0.07 | 0.07 | 74 | Consumer Defensive |
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Build a portfolio that complements MCHI
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