Looking to balance out your exposure to MIDD? The ETFs below have the lowest correlation with MIDD — they tend to move on their own, which can help reduce risk when MIDD drops. The stock ideas table highlights individual companies that behave independently from MIDD.
Best Diversifiers for MIDD
0 ETFs have low correlation with MIDD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.37, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.37 | 0.48 | 0.59 | 70 | S&P 500 | MIDD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.48 | 0.59 | 70 | S&P 500 | MIDD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MIDD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MIDD and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.13, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.13 | 0.23 | 0.33 | 79 | Consumer Defensive | |
| Apple Inc | 0.25 | 0.26 | 0.38 | 89 | Technology | |
| Clean Harbors, Inc. | 0.30 | 0.43 | 0.48 | 68 | Industrials | |
| Diodes Incorporated | 0.44 | 0.45 | 0.52 | 91 | Technology | |
| Old Dominion Freight Line, Inc. | 0.54 | 0.49 | 0.54 | 71 | Industrials |
Build a portfolio that complements MIDD
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