Looking to balance out your exposure to MFIN? The ETFs below have historically moved differently from MFIN, 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 MFIN
1 ETFs have low correlation with MFIN (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.29, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.29 | 0.30 | 0.34 | 95 | Dividend | MFIN vs SCHD | |
| Vanguard S&P 500 ETF | 0.41 | 0.33 | 0.34 | 68 | S&P 500 | MFIN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.33 | 0.34 | 67 | S&P 500 | MFIN vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MFIN, 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 Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.03 | 0.02 | 0.01 | 96 | Healthcare | |
| Newmont Corporation | 0.12 | 0.13 | 0.13 | 74 | Basic Materials | |
| Monolithic Power Systems, Inc. | 0.13 | 0.17 | 0.22 | 89 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.13 | 0.17 | 0.21 | 87 | Technology | |
| Photronics, Inc. | 0.14 | 0.25 | 0.27 | 68 | Technology |
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