Looking to balance out your exposure to MCO? The ETFs below have historically moved differently from MCO, 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 MCO
212 ETFs have low correlation with MCO (below 0.3), 23 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | -0.08 | 0.02 | 60 | Commodities | MCO vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.08 | 0.02 | 59 | Commodities | MCO vs DBC | |
| iShares Global Energy ETF | -0.13 | 0.04 | 0.15 | 66 | Energy Equities | MCO vs IXC | |
| State Street Energy Select Sector SPDR ETF | -0.12 | 0.05 | 0.14 | 61 | Energy Equities | MCO vs XLE | |
| Vanguard Energy ETF | -0.12 | 0.05 | 0.15 | 61 | Energy Equities | MCO vs VDE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MCO, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.17, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.17 | 0.01 | 0.06 | 79 | Energy | |
| Lumentum Holdings Inc. | -0.17 | 0.08 | 0.21 | 99 | Technology | |
| Occidental Petroleum Corporation | -0.17 | -0.04 | 0.09 | 65 | Energy | |
| Devon Energy Corporation | -0.16 | 0.01 | 0.12 | 71 | Energy | |
| Vertiv Holdings Co. | -0.16 | 0.10 | 0.29 | 83 | Industrials |
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