Looking to diversify beyond MDY? The ETFs below have the lowest correlation with MDY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MDY.
Best Diversifiers for MDY
233 ETFs have low correlation with MDY (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | -0.38 | 57 | Cryptocurrency | MDY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | MDY vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MDY vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | MDY vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.25 | -0.31 | 51 | Currency | MDY vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.05 | 0.18 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.12 | 0.08 | 0.23 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | 0.07 | 0.15 | 66 | Utilities | |
| Exxon Mobil Corporation | -0.10 | 0.17 | 0.29 | 75 | Energy | |
| Waste Management, Inc. | -0.07 | 0.14 | 0.26 | 53 | Industrials |
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Build a portfolio that complements MDY
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