Looking to balance out your exposure to MCO? The ETFs below have the lowest correlation with MCO — they tend to move on their own, which can help reduce risk when MCO drops. The stock ideas table highlights individual companies that behave independently from MCO.
Best Diversifiers for MCO
187 ETFs have low correlation with MCO (below 0.3), 18 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long VRT Daily ETF | -0.14 | — | — | 79 | Leveraged Equities | MCO vs VRTL | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | -0.07 | 0.03 | 59 | Commodities | MCO vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.07 | 0.03 | 60 | Commodities | MCO vs PDBC | |
| iShares Global Energy ETF | -0.10 | 0.06 | 0.16 | 61 | Energy Equities | MCO vs IXC | |
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.06 | 0.15 | 54 | Energy Equities | MCO vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCO and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.14 | 0.02 | 0.13 | 73 | Energy | |
| BP p.l.c. | -0.14 | -0.02 | 0.09 | 78 | Energy | |
| Diamondback Energy, Inc. | -0.13 | -0.02 | 0.10 | 78 | Energy | |
| Lumentum Holdings Inc. | -0.13 | 0.10 | 0.22 | 99 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | 0.03 | 0.07 | 82 | Energy |
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