Looking to balance out your exposure to MCRI? The ETFs below have the lowest correlation with MCRI — they tend to move on their own, which can help reduce risk when MCRI drops. The stock ideas table highlights individual companies that behave independently from MCRI.
Best Diversifiers for MCRI
1 ETFs have low correlation with MCRI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.25, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.38 | 0.47 | 70 | S&P 500 | MCRI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCRI and solid risk/return profiles. The least correlated is Incyte Corporation (INCY) (Healthcare) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Incyte Corporation | 0.10 | 0.17 | 0.21 | 77 | Healthcare | |
| Novavax, Inc. | 0.14 | 0.17 | 0.20 | 61 | Healthcare | |
| PTC Therapeutics, Inc. | 0.22 | 0.23 | 0.28 | 66 | Healthcare | |
| NetApp, Inc. | 0.22 | 0.27 | 0.36 | 85 | Technology | |
| Matson, Inc. | 0.28 | 0.37 | 0.38 | 83 | Industrials |
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