Looking to balance out your exposure to MDWD? The ETFs below have the lowest correlation with MDWD — they tend to move on their own, which can help reduce risk when MDWD drops. The stock ideas table highlights individual companies that behave independently from MDWD.
Best Diversifiers for MDWD
8 ETFs have low correlation with MDWD (below 0.3), 1 of which are negatively correlated. The least correlated is USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) (Commodities) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.09 | 0.03 | 0.03 | 56 | Commodities | MDWD vs SDCI | |
| iShares 0-1 Year Treasury Bond ETF | 0.03 | 0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | MDWD vs SHV | |
| iMGP DBi Managed Futures Strategy ETF | 0.11 | 0.09 | 0.01 | 79 | Systematic Trend | MDWD vs DBMF | |
| VanEck Rare Earth and Strategic Metals ETF | 0.14 | 0.17 | 0.18 | 82 | Rare Earth & Strategic Metals | MDWD vs REMX | |
| iShares Semiconductor ETF | 0.22 | 0.20 | 0.19 | 96 | Semiconductors, Technology Equities | MDWD vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDWD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDWD and solid risk/return profiles. The least correlated is Madison Square Garden Sports Corp. (MSGS) (Communication Services) with a 1Y correlation of 0.05, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Madison Square Garden Sports Corp. | 0.05 | 0.14 | 0.16 | 96 | Communication Services | |
| Rush Street Interactive, Inc. | 0.06 | 0.10 | 0.18 | 89 | Consumer Cyclical | |
| Lockheed Martin Corporation | 0.07 | 0.05 | 0.07 | 56 | Industrials | |
| United Parcel Service, Inc. | 0.07 | 0.14 | 0.15 | 60 | Industrials | |
| Taboola.com Ltd. | 0.10 | 0.09 | 0.10 | 61 | Communication Services |
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Build a portfolio that complements MDWD
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