Looking to diversify beyond MDY? The ETFs below have historically moved differently from MDY, 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 MDY
257 ETFs have low correlation with MDY (below 0.3), 66 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | MDY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.35 | — | 61 | Cryptocurrency | MDY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MDY vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | MDY vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.09 | — | 56 | Options Trading | MDY vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MDY, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.05 | 0.17 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | 0.08 | 0.22 | 90 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.12 | 0.15 | 0.28 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.12 | 0.18 | 0.30 | 70 | Energy | |
| Chevron Corporation | -0.12 | 0.19 | 0.32 | 80 | Energy |
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