Looking to balance out your exposure to MIR? The ETFs below have the lowest correlation with MIR — they tend to move on their own, which can help reduce risk when MIR drops. The stock ideas table highlights individual companies that behave independently from MIR.
Best Diversifiers for MIR
0 ETFs have low correlation with MIR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.47 | 0.51 | 70 | S&P 500 | MIR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MIR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MIR and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.10 | 0.23 | 0.24 | 69 | Energy | |
| Perimeter Solutions, SA | 0.22 | 0.29 | — | 92 | Basic Materials | |
| Uranium Energy Corp. | 0.35 | 0.29 | 0.32 | 79 | Energy | |
| GE Vernova Inc. | 0.39 | 0.43 | 0.43 | 87 | Utilities | |
| Centrus Energy Corp. | 0.39 | 0.32 | 0.34 | 55 | Energy |
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