Looking to diversify beyond MFDX? The ETFs below have the lowest correlation with MFDX — 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 MFDX.
Best Diversifiers for MFDX
166 ETFs have low correlation with MFDX (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.34 | -0.26 | 73 | Leveraged Currency | MFDX vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 62 | Inverse Equities, Leveraged Equities | MFDX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 63 | Derivative Income | MFDX vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.09 | 0.10 | 69 | Oil & Gas | MFDX vs UGA | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | MFDX vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MFDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MFDX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.30, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.30 | 0.34 | 0.45 | 66 | Technology | |
| Vertiv Holdings Co. | 0.36 | 0.36 | 0.43 | 94 | Industrials | |
| Apple Inc | 0.37 | 0.36 | 0.46 | 83 | Technology | |
| Tesla, Inc. | 0.38 | 0.36 | 0.39 | 53 | Consumer Cyclical |
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