Looking to balance out your exposure to MDV? The ETFs below have the lowest correlation with MDV — they tend to move on their own, which can help reduce risk when MDV drops. The stock ideas table highlights individual companies that behave independently from MDV.
Best Diversifiers for MDV
4 ETFs have low correlation with MDV (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.09 | 0.07 | — | 96 | Semiconductors, Technology Equities | MDV vs SMH | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.17 | — | 70 | S&P 500 | MDV vs SPY | |
| Vanguard S&P 500 ETF | 0.26 | 0.17 | — | 70 | S&P 500 | MDV vs VOO | |
| NEOS S&P 500 High Income ETF | 0.28 | 0.18 | — | 71 | Derivative Income, S&P 500 | MDV vs SPYI | |
| Schwab U.S. Dividend Equity ETF | 0.34 | 0.24 | — | 80 | Dividend | MDV vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDV and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.01 | 0.08 | — | 83 | Energy | |
| Apple Inc | 0.16 | 0.11 | — | 89 | Technology | |
| Bank of America Corporation | 0.24 | 0.14 | — | 64 | Financial Services | |
| Global Net Lease, Inc. | 0.36 | 0.22 | 0.17 | 79 | Real Estate |
Build a portfolio that complements MDV
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