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
274 ETFs have low correlation with MDY (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.02 | 0.13 | 71 | Oil & Gas | MDY vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.01 | 0.12 | 65 | Oil & Gas | MDY vs BNO | |
| United States Gasoline Fund LP | -0.24 | -0.01 | 0.11 | 71 | Oil & Gas | MDY vs UGA | |
| United States Oil Fund LP | -0.24 | -0.02 | 0.10 | 66 | Oil & Gas | MDY vs USO | |
| United States 12 Month Oil Fund LP | -0.24 | 0.01 | 0.14 | 56 | Oil & Gas | MDY vs USL |
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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 | 0.08 | 0.19 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | 0.08 | 0.16 | 52 | Utilities | |
| The Coca-Cola Company | -0.04 | 0.11 | 0.23 | 63 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.04 | 0.21 | 0.31 | 85 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.03 | 0.16 | 0.20 | 88 | Energy |
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