Looking to balance out your exposure to MDXG? The ETFs below have historically moved differently from MDXG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MDXG
0 ETFs have low correlation with MDXG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.32, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | 0.43 | 67 | S&P 500 | MDXG vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MDXG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.18, down from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.18 | 0.08 | — | 84 | Energy | |
| Viper Energy, Inc. | -0.10 | 0.04 | 0.11 | 70 | Energy | |
| Cboe Global Markets, Inc. | -0.06 | -0.05 | 0.09 | 69 | Financial Services | |
| Pampa Energía S.A. | -0.06 | 0.10 | 0.15 | 57 | Utilities | |
| Nebius Group N.V. | -0.05 | — | — | 92 | Communication Services |
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