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
192 ETFs have low correlation with MDY (below 0.3), 27 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.23 | -0.03 | 0.11 | 55 | Oil & Gas | MDY vs UGA | |
| ProShares UltraShort Yen | -0.17 | -0.06 | -0.03 | 63 | Leveraged Currency | MDY vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | MDY vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | MDY vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | 0.02 | 0.02 | 95 | Inflation-Protected Bonds | MDY vs IBID |
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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 -0.16, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.06 | 0.19 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.08 | 0.10 | 0.22 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.07 | 0.18 | 0.30 | 72 | Energy | |
| Duke Energy Corporation | -0.07 | 0.08 | 0.16 | 62 | Utilities | |
| Chevron Corporation | -0.04 | 0.20 | 0.33 | 70 | Energy |
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Build a portfolio that complements MDY
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