Looking to diversify beyond MDST? The ETFs below have the lowest correlation with MDST — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MDST.
Best Diversifiers for MDST
1115 ETFs have low correlation with MDST (below 0.3), 565 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.26 | — | — | 95 | Mortgage Backed Securities | MDST vs FTSD | |
| BNY Mellon Ultra Short Income ETF | -0.22 | — | — | 99 | Ultrashort Bond | MDST vs BKUI | |
| Strive Enhanced Income Short Maturity ETF | -0.20 | -0.03 | -0.03 | 97 | Ultrashort Bond | MDST vs BUXX | |
| Eaton Vance Ultra-Short Income ETF | -0.19 | — | — | 99 | Ultrashort Bond | MDST vs EVSB | |
| Eaton Vance Intermediate Municipal Income ETF | -0.18 | — | — | 76 | Municipal Bonds | MDST vs EVIM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDST and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.22, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.22 | 0.34 | 0.34 | 78 | Financial Services |
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