Looking to balance out your exposure to MDLN? The ETFs below have the lowest correlation with MDLN — they tend to move on their own, which can help reduce risk when MDLN drops. The stock ideas table highlights individual companies that behave independently from MDLN.
No Diversifiers Found for MDLN
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDLN and solid risk/return profiles. The least correlated is Lincoln Educational Services Corporation (LINC) (Consumer Defensive) with a 1Y correlation of -0.09, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lincoln Educational Services Corporation | -0.09 | -0.09 | -0.09 | 89 | Consumer Defensive | |
| American Electric Power Company, Inc. | -0.02 | -0.02 | -0.02 | 79 | Utilities | |
| Universal Technical Institute, Inc. | -0.00 | -0.00 | -0.00 | 55 | Consumer Defensive | |
| Smithfield Foods, Inc | 0.04 | 0.04 | 0.04 | 57 | Consumer Defensive | |
| Sompo Holdings Inc ADR | 0.08 | 0.08 | 0.08 | 64 | Financial Services |
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