Looking to balance out your exposure to MDU? The ETFs below have the lowest correlation with MDU — they tend to move on their own, which can help reduce risk when MDU drops. The stock ideas table highlights individual companies that behave independently from MDU.
Best Diversifiers for MDU
1 ETFs have low correlation with MDU (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.10, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.10 | 0.22 | 0.29 | 75 | Technology Equities | MDU vs IYW |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDU and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.01 | 0.12 | 0.16 | 67 | Technology | |
| NVIDIA Corporation | 0.02 | 0.07 | 0.17 | 78 | Technology | |
| Guardant Health, Inc. | 0.02 | 0.21 | 0.21 | 93 | Healthcare | |
| ASML Holding N.V. | 0.03 | 0.19 | 0.27 | 94 | Technology | |
| Apple Inc | 0.05 | 0.11 | 0.22 | 89 | Technology |
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