Looking to diversify beyond MDST? The ETFs below have historically moved differently from MDST, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MDST
1556 ETFs have low correlation with MDST (below 0.3), 1094 of which are negatively correlated. The least correlated is Fidelity Municipal Bond Opportunities ETF (FMUB) (Municipal Bonds) with a 1Y correlation of -0.24, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.24 | -0.13 | -0.13 | 72 | Municipal Bonds | MDST vs FMUB | |
| Innovator Growth Accelerated Plus ETF - April | -0.23 | 0.13 | 0.13 | 97 | Leveraged Equities | MDST vs QTAP | |
| TCW Flexible Income ETF | -0.23 | -0.04 | -0.04 | 77 | Multisector Bonds, Actively Managed | MDST vs FLXR | |
| Vanguard Tax-Exempt Bond ETF | -0.23 | 0.01 | 0.01 | 64 | Municipal Bonds | MDST vs VTEB | |
| JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ... | -0.23 | — | — | 88 | Government Bonds, Short-Term Bond | MDST vs BBSB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MDST, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | -0.07 | — | — | 60 | Technology | |
| Reaves Utility Income Trust | 0.11 | 0.30 | 0.30 | 53 | Financial Services | |
| Energy Transfer LP | 0.56 | 0.61 | 0.61 | 82 | Energy |
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