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
9 ETFs have low correlation with MDWD (below 0.3), 2 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 -0.10, 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... | -0.10 | 0.04 | 0.03 | 74 | Commodities | MDWD vs SDCI | |
| Vanguard Energy ETF | -0.06 | 0.03 | 0.10 | 64 | Energy Equities | MDWD vs VDE | |
| iShares 0-1 Year Treasury Bond ETF | 0.03 | 0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | MDWD vs SHV | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.12 | 0.17 | 0.17 | 87 | Materials | MDWD vs REMX | |
| iMGP DBi Managed Futures Strategy ETF | 0.14 | 0.09 | 0.01 | 83 | Systematic Trend | MDWD vs DBMF |
To view more results, upgrade your current subscription plan.
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 Rush Street Interactive, Inc. (RSI) (Consumer Cyclical) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rush Street Interactive, Inc. | 0.04 | 0.10 | 0.18 | 85 | Consumer Cyclical | |
| Madison Square Garden Sports Corp. | 0.06 | 0.14 | 0.16 | 97 | Communication Services | |
| United Parcel Service, Inc. | 0.07 | 0.13 | 0.15 | 57 | Industrials | |
| CrowdStrike Holdings, Inc. | 0.08 | 0.11 | 0.14 | 70 | Technology | |
| UnitedHealth Group Incorporated | 0.09 | 0.07 | 0.06 | 61 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MDWD
Add MDWD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDWD