Looking to balance out your exposure to MHO? The ETFs below have the lowest correlation with MHO — they tend to move on their own, which can help reduce risk when MHO drops. The stock ideas table highlights individual companies that behave independently from MHO.
Best Diversifiers for MHO
1 ETFs have low correlation with MHO (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AAPL Daily ETF (AAPB) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AAPL Daily ETF | 0.26 | 0.27 | — | 66 | Leveraged Equities | MHO vs AAPB | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.44 | 0.51 | 70 | S&P 500 | MHO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MHO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MHO and solid risk/return profiles. The least correlated is Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | -0.06 | 0.07 | 0.07 | 97 | Communication Services | |
| NVIDIA Corporation | -0.04 | 0.12 | 0.27 | 78 | Technology | |
| Palo Alto Networks, Inc. | -0.02 | 0.11 | 0.20 | 67 | Technology | |
| Broadcom Inc. | 0.01 | 0.16 | 0.28 | 84 | Technology | |
| Marathon Petroleum Corporation | 0.03 | 0.18 | 0.23 | 86 | Energy |
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