Looking to balance out your exposure to MCW? The ETFs below have the lowest correlation with MCW — they tend to move on their own, which can help reduce risk when MCW drops. The stock ideas table highlights individual companies that behave independently from MCW.
Best Diversifiers for MCW
4 ETFs have low correlation with MCW (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.01 | — | 100 | Ultrashort Bond | MCW vs SGOV | |
| Invesco Ultra Short Duration ETF | -0.02 | 0.06 | — | 100 | Ultrashort Bond | MCW vs GSY | |
| Invesco NASDAQ 100 ETF | 0.16 | 0.24 | — | 74 | Nasdaq-100 | MCW vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.33 | — | 70 | S&P 500 | MCW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCW and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.05 | — | 78 | Technology | |
| Micron Technology, Inc. | -0.04 | 0.12 | — | 99 | Technology | |
| Altria Group, Inc. | -0.03 | 0.08 | — | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.01 | 0.07 | — | 53 | Utilities | |
| Lam Research Corporation | 0.09 | 0.17 | — | 98 | Technology |
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