Looking to diversify beyond MID? The ETFs below have the lowest correlation with MID — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MID.
Best Diversifiers for MID
146 ETFs have low correlation with MID (below 0.3), 19 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.16, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | -0.01 | -0.01 | 99 | Ultrashort Bond | MID vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | MID vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | 0.02 | 0.02 | 96 | Inflation-Protected Bonds | MID vs IBID | |
| First Trust Alternative Absolute Return Strategy E... | -0.09 | 0.00 | 0.00 | 77 | Commodities | MID vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.08 | 0.09 | 0.15 | 58 | Commodities | MID vs FTGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MID and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | -0.04 | 0.08 | 0.19 | 51 | Real Estate | |
| United Therapeutics Corporation | 0.11 | 0.18 | 0.21 | 94 | Healthcare |
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