Looking to diversify beyond MEDI? The ETFs below have the lowest correlation with MEDI — 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 MEDI.
Best Diversifiers for MEDI
478 ETFs have low correlation with MEDI (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.12 | — | 71 | Oil & Gas | MEDI vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.09 | -0.04 | 65 | Oil & Gas | MEDI vs DBO | |
| United States Brent Oil Fund LP | -0.24 | -0.09 | -0.04 | 65 | Oil & Gas | MEDI vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.05 | 0.00 | 72 | Commodities | MEDI vs GSG | |
| iShares Commodities Select Strategy ETF | -0.21 | -0.06 | — | 72 | Commodities | MEDI vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEDI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEDI and solid risk/return profiles. The least correlated is American Healthcare REIT, Inc. (AHR) (Real Estate) with a 1Y correlation of 0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Healthcare REIT, Inc. | 0.08 | 0.19 | 0.19 | 79 | Real Estate | |
| CareTrust REIT, Inc. | 0.16 | 0.20 | 0.24 | 83 | Real Estate | |
| Lantheus Holdings, Inc. | 0.32 | 0.35 | 0.36 | 55 | Healthcare |
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