Looking to balance out your exposure to MFIN? The ETFs below have the lowest correlation with MFIN — they tend to move on their own, which can help reduce risk when MFIN drops. The stock ideas table highlights individual companies that behave independently from MFIN.
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 0.28, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.30 | 0.33 | 81 | Dividend | MFIN vs SCHD | |
| Vanguard S&P 500 ETF | 0.41 | 0.33 | 0.34 | 62 | S&P 500 | MFIN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.33 | 0.34 | 61 | S&P 500 | MFIN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MFIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MFIN and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.06 | 0.01 | 0.02 | 92 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.13 | 0.18 | 0.22 | 91 | Technology | |
| Newmont Corporation | 0.13 | 0.14 | 0.13 | 78 | Basic Materials | |
| Monolithic Power Systems, Inc. | 0.17 | 0.19 | 0.23 | 81 | Technology | |
| Photronics, Inc. | 0.17 | 0.26 | 0.27 | 66 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MFIN
Add MFIN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MFIN