Looking to balance out your exposure to MFIC? The ETFs below have the lowest correlation with MFIC — they tend to move on their own, which can help reduce risk when MFIC drops. The stock ideas table highlights individual companies that behave independently from MFIC.
Best Diversifiers for MFIC
4 ETFs have low correlation with MFIC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Select Metals & Mining Producers ETF (PICK) (Materials) with a 1Y correlation of 0.20, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Select Metals & Mining Produce... | 0.20 | 0.32 | 0.37 | 84 | Materials | MFIC vs PICK | |
| iShares International Select Dividend ETF | 0.23 | 0.36 | 0.45 | 83 | Global Equities, Dividend | MFIC vs IDV | |
| Saba Closed-End Funds ETF | 0.23 | 0.37 | 0.42 | 80 | Event Driven | MFIC vs CEFS | |
| STF Tactical Growth & Income ETF | 0.25 | 0.31 | — | 66 | Diversified Portfolio | MFIC vs TUGN | |
| VanEck Vectors Preferred Securities ex Financials ... | 0.31 | 0.37 | 0.45 | 61 | Preferred Stock/Convertible Bonds | MFIC vs PFXF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MFIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MFIC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.01 | 0.11 | 0.18 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | 0.03 | 0.12 | 0.17 | 59 | Communication Services | |
| British American Tobacco p.l.c. | 0.14 | 0.18 | 0.24 | 77 | Consumer Defensive | |
| NVIDIA Corporation | 0.14 | 0.20 | 0.30 | 78 | Technology | |
| Alphabet Inc. Class A | 0.19 | 0.22 | 0.32 | 96 | Communication Services |
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Build a portfolio that complements MFIC
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