Looking to balance out your exposure to MCI? The ETFs below have the lowest correlation with MCI — they tend to move on their own, which can help reduce risk when MCI drops. The stock ideas table highlights individual companies that behave independently from MCI.
Best Diversifiers for MCI
3 ETFs have low correlation with MCI (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.14 | 0.09 | — | 68 | Nasdaq-100, Derivative Income | MCI vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.14 | 0.16 | 63 | S&P 500 | MCI vs SPY | |
| Vanguard S&P 500 ETF | 0.19 | 0.13 | 0.16 | 63 | S&P 500 | MCI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | -0.02 | 0.02 | 78 | Consumer Defensive | |
| DNP Select Income Fund Inc. | 0.03 | 0.03 | 0.09 | 89 | Financial Services | |
| Dynex Capital, Inc. | 0.11 | 0.10 | 0.14 | 79 | Real Estate | |
| BlackRock Science and Technology Trust | 0.12 | 0.09 | 0.13 | 88 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.13 | 0.10 | 0.13 | 71 | Financial Services |
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