Looking to balance out your exposure to MIRA? The ETFs below have historically moved differently from MIRA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MIRA
1 ETFs have low correlation with MIRA (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | — | — | 67 | S&P 500 | MIRA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MIRA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.01 | — | — | 81 | Healthcare | |
| Gilead Sciences, Inc. | 0.03 | -0.00 | -0.00 | 65 | Healthcare | |
| Johnson & Johnson | 0.04 | 0.08 | 0.08 | 97 | Healthcare | |
| Merck & Co., Inc. | 0.05 | 0.05 | 0.05 | 96 | Healthcare | |
| Bristol-Myers Squibb Company | 0.07 | — | — | 92 | Healthcare |
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