Looking to balance out your exposure to MCHX? The ETFs below have the lowest correlation with MCHX — they tend to move on their own, which can help reduce risk when MCHX drops. The stock ideas table highlights individual companies that behave independently from MCHX.
Best Diversifiers for MCHX
2 ETFs have low correlation with MCHX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.18, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.18 | 0.18 | 0.27 | 60 | S&P 500, Large Cap Growth Equities | MCHX vs SPYG | |
| Vanguard Total Stock Market ETF | 0.21 | 0.19 | 0.29 | 73 | Large Cap Blend Equities | MCHX vs VTI |
Diversification Analysis
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