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
155 ETFs have low correlation with MCO (below 0.3), 13 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.20, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.20 | -0.10 | 0.01 | 54 | Leveraged Commodities | MCO vs UCO | |
| United States Oil Fund LP | -0.19 | -0.11 | 0.00 | 66 | Oil & Gas | MCO vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.05 | 0.04 | 75 | Commodities | MCO vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.06 | 0.03 | 74 | Commodities | MCO vs PDBC | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.07 | 0.16 | 63 | 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 BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.17 | -0.01 | 0.08 | 87 | Energy | |
| Chevron Corporation | -0.16 | 0.02 | 0.12 | 83 | Energy | |
| Diamondback Energy, Inc. | -0.16 | -0.01 | 0.11 | 82 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.14 | 0.01 | 0.05 | 86 | Energy | |
| Lumentum Holdings Inc. | -0.13 | 0.10 | 0.24 | 99 | Technology |
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Build a portfolio that complements MCO
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