Looking to balance out your exposure to MFC? The ETFs below have historically moved differently from MFC, 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 MFC
1 ETFs have low correlation with MFC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.10 | 0.04 | 0.02 | 100 | Government Bonds, Ultrashort Bond | MFC vs SHV | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.46 | 0.57 | 95 | Dividend | MFC vs SCHD | |
| iShares Core MSCI Emerging Markets ETF | 0.39 | 0.48 | 0.55 | 60 | Emerging Markets Equities | MFC vs IEMG | |
| iShares Russell 2000 ETF | 0.50 | 0.56 | 0.59 | 79 | Small Cap Blend Equities | MFC vs IWM | |
| Capital Group Dividend Value ETF | 0.55 | 0.59 | — | 80 | Large Cap Value Equities, Dividend | MFC vs CGDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MFC, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.13, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.13 | 0.14 | 0.31 | 76 | Energy | |
| The Coca-Cola Company | -0.08 | 0.03 | 0.16 | 90 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.08 | 0.13 | 0.22 | 85 | Energy | |
| PepsiCo, Inc. | -0.04 | 0.07 | 0.13 | 50 | Consumer Defensive | |
| Suncor Energy Inc. | -0.04 | 0.21 | 0.36 | 94 | Energy |
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