Looking to balance out your exposure to MEDP? The ETFs below have the lowest correlation with MEDP — they tend to move on their own, which can help reduce risk when MEDP drops. The stock ideas table highlights individual companies that behave independently from MEDP.
Best Diversifiers for MEDP
10 ETFs have low correlation with MEDP (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.02 | 0.00 | 100 | Ultrashort Bond | MEDP vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | 0.05 | 0.04 | 0.02 | 100 | Ultrashort Bond | MEDP vs BOXX | |
| iShares MSCI Japan Small Cap ETF | 0.07 | 0.19 | 0.29 | 53 | Japan Equities | MEDP vs SCJ | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.09 | 0.12 | 93 | Inflation-Protected Bonds | MEDP vs VTIP | |
| WisdomTree Japan Hedged Equity Fund | 0.11 | 0.22 | 0.29 | 88 | Japan Equities | MEDP vs DXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEDP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEDP and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.07 | 0.10 | 0.18 | 79 | Real Estate | |
| Chubb Limited | -0.05 | 0.04 | 0.15 | 51 | Financial Services | |
| Golar LNG Limited | -0.02 | 0.13 | 0.17 | 65 | Energy | |
| Nutrien Ltd. | 0.00 | 0.12 | 0.15 | 58 | Basic Materials | |
| The Hershey Company | 0.00 | 0.08 | 0.12 | 55 | Consumer Defensive |
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Build a portfolio that complements MEDP
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