Looking to balance out your exposure to MDRX? The ETFs below have the lowest correlation with MDRX — they tend to move on their own, which can help reduce risk when MDRX drops. The stock ideas table highlights individual companies that behave independently from MDRX.
Best Diversifiers for MDRX
1 ETFs have low correlation with MDRX (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 -0.06, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.06 | 0.24 | 66 | S&P 500 | MDRX vs SPY |
Diversification Analysis
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