Looking to balance out your exposure to MCY? The ETFs below have the lowest correlation with MCY — they tend to move on their own, which can help reduce risk when MCY drops. The stock ideas table highlights individual companies that behave independently from MCY.
Best Diversifiers for MCY
3 ETFs have low correlation with MCY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.23 | 0.30 | 70 | S&P 500 | MCY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.23 | 0.30 | 70 | S&P 500 | MCY vs SPY | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.21 | 0.25 | 0.32 | 68 | Large Cap Blend Equities | MCY vs ITOT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCY and solid risk/return profiles. The least correlated is The Estee Lauder Companies Inc. (EL) (Consumer Defensive) with a 1Y correlation of 0.09, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Estee Lauder Companies Inc. | 0.09 | 0.13 | 0.18 | 52 | Consumer Defensive | |
| Prudential plc | 0.19 | 0.26 | 0.27 | 67 | Financial Services | |
| Bristol-Myers Squibb Company | 0.28 | 0.20 | 0.21 | 63 | Healthcare | |
| JPMorgan Chase & Co. | 0.30 | 0.31 | 0.35 | 59 | Financial Services | |
| Chubb Limited | 0.45 | 0.40 | 0.41 | 51 | Financial Services |
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