Looking to balance out your exposure to MDRR? The ETFs below have the lowest correlation with MDRR — they tend to move on their own, which can help reduce risk when MDRR drops. The stock ideas table highlights individual companies that behave independently from MDRR.
Best Diversifiers for MDRR
1 ETFs have low correlation with MDRR (below 0.3), 1 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 -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.01 | 0.01 | 0.06 | 62 | S&P 500 | MDRR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDRR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDRR and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.00, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.00 | 0.03 | 0.08 | 50 | Financial Services |
Build a portfolio that complements MDRR
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