Looking to balance out your exposure to MIRA? The ETFs below have the lowest correlation with MIRA — they tend to move on their own, which can help reduce risk when MIRA drops. The stock ideas table highlights individual companies that behave independently from MIRA.
Best Diversifiers for MIRA
1 ETFs have low correlation with MIRA (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 0.27, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.19 | 0.19 | 70 | S&P 500 | MIRA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MIRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MIRA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.02 | — | — | 92 | Healthcare | |
| AbbVie Inc. | 0.04 | — | — | 62 | Healthcare | |
| Merck & Co., Inc. | 0.05 | — | — | 87 | Healthcare | |
| Gilead Sciences, Inc. | 0.06 | -0.00 | -0.00 | 63 | Healthcare | |
| Pfizer Inc. | 0.08 | 0.08 | 0.08 | 61 | Healthcare |
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