Looking to balance out your exposure to MED? The ETFs below have the lowest correlation with MED — they tend to move on their own, which can help reduce risk when MED drops. The stock ideas table highlights individual companies that behave independently from MED.
Best Diversifiers for MED
3 ETFs have low correlation with MED (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.26 | 0.20 | 0.32 | 70 | S&P 500 | MED vs IVV | |
| Vanguard S&P 500 ETF | 0.26 | 0.20 | 0.32 | 70 | S&P 500 | MED vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.29 | 0.33 | 0.38 | 80 | Dividend | MED vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MED, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MED and solid risk/return profiles. The least correlated is Delek Logistics Partners, LP (DKL) (Energy) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Logistics Partners, LP | -0.03 | 0.09 | 0.15 | 76 | Energy | |
| Sprott Physical Silver Trust | -0.02 | 0.04 | 0.08 | 79 | Financial Services | |
| Tesla, Inc. | 0.05 | 0.14 | 0.21 | 55 | Consumer Cyclical | |
| Dorian LPG Ltd. | 0.06 | 0.06 | 0.10 | 89 | Energy | |
| Noble Corporation | 0.07 | 0.11 | 0.14 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MED
Add MED to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MED