Looking to balance out your exposure to MFG? The ETFs below have the lowest correlation with MFG — they tend to move on their own, which can help reduce risk when MFG drops. The stock ideas table highlights individual companies that behave independently from MFG.
Best Diversifiers for MFG
0 ETFs have low correlation with MFG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of 0.33, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | 0.33 | 0.30 | 0.31 | 96 | Semiconductors, Technology Equities | MFG vs PSI | |
| State Street Technology Select Sector SPDR ETF | 0.35 | 0.28 | 0.29 | 83 | Technology Equities | MFG vs XLK | |
| Vanguard Information Technology ETF | 0.35 | 0.30 | 0.30 | 76 | Technology Equities | MFG vs VGT | |
| Keating Active ETF | 0.36 | — | — | 73 | Global Allocation | MFG vs KEAT | |
| Invesco QQQ ETF | 0.37 | 0.31 | 0.31 | 73 | Nasdaq-100 | MFG vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MFG and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.04 | 0.06 | 0.15 | 69 | Energy | |
| BP p.l.c. | -0.02 | 0.15 | 0.22 | 87 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.01 | 0.11 | 0.16 | 86 | Energy | |
| Diamondback Energy, Inc. | -0.00 | 0.11 | 0.19 | 82 | Energy | |
| Walmart Inc. | 0.02 | 0.04 | 0.10 | 63 | Consumer Defensive |
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