Looking to balance out your exposure to MDB? The ETFs below have the lowest correlation with MDB — they tend to move on their own, which can help reduce risk when MDB drops. The stock ideas table highlights individual companies that behave independently from MDB.
Best Diversifiers for MDB
0 ETFs have low correlation with MDB (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 0.36, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.36 | 0.48 | 0.53 | 70 | S&P 500 | MDB vs VOO | |
| Invesco QQQ ETF | 0.39 | 0.52 | 0.59 | 73 | Nasdaq-100 | MDB vs QQQ | |
| Vanguard Information Technology ETF | 0.46 | 0.55 | 0.61 | 76 | Technology Equities | MDB vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDB and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.12 | 0.08 | 0.13 | 80 | Consumer Defensive | |
| Linde plc | -0.11 | 0.08 | 0.22 | 52 | Basic Materials | |
| Merck & Co., Inc. | -0.11 | -0.03 | -0.04 | 87 | Healthcare | |
| Monster Beverage Corporation | -0.09 | 0.05 | 0.16 | 79 | Consumer Defensive | |
| Apache Corporation | -0.01 | 0.07 | 0.13 | 90 | Energy |
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