Looking to balance out your exposure to MITSY? The ETFs below have the lowest correlation with MITSY — they tend to move on their own, which can help reduce risk when MITSY drops. The stock ideas table highlights individual companies that behave independently from MITSY.
Best Diversifiers for MITSY
10 ETFs have low correlation with MITSY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.03 | 0.10 | 0.13 | 91 | Inflation-Protected Bonds | MITSY vs STIP | |
| Invesco Ultra Short Duration ETF | 0.07 | 0.11 | 0.11 | 99 | Ultrashort Bond | MITSY vs GSY | |
| Alerian MLP ETF | 0.10 | 0.24 | 0.26 | 56 | MLPs | MITSY vs AMLP | |
| iShares Global Energy ETF | 0.15 | 0.22 | 0.28 | 65 | Energy Equities | MITSY vs IXC | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.23 | 0.29 | 0.30 | 91 | Leveraged Equities, Semiconductors | MITSY vs SOXL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MITSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MITSY and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.07 | 0.06 | 0.09 | 94 | Consumer Defensive | |
| Waste Management, Inc. | -0.04 | 0.07 | 0.08 | 56 | Industrials | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.01 | 0.14 | 0.17 | 70 | Energy | |
| The Coca-Cola Company | -0.00 | 0.06 | 0.09 | 84 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | 0.00 | 0.11 | 0.14 | 85 | Consumer Defensive |
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