Looking to balance out your exposure to MITT? The ETFs below have the lowest correlation with MITT — they tend to move on their own, which can help reduce risk when MITT drops. The stock ideas table highlights individual companies that behave independently from MITT.
Best Diversifiers for MITT
1 ETFs have low correlation with MITT (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | 0.26 | 0.21 | — | 94 | Leveraged Equities | MITT vs GGLL | |
| Vanguard S&P 500 ETF | 0.39 | 0.41 | 0.43 | 70 | S&P 500 | MITT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.41 | 0.43 | 70 | S&P 500 | MITT vs SPY | |
| iShares Core Growth Allocation ETF | 0.46 | 0.49 | 0.48 | 67 | Diversified Portfolio | MITT vs AOR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MITT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MITT and solid risk/return profiles. The least correlated is Core Natural Resources, Inc (CNR) (Energy) with a 1Y correlation of -0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Core Natural Resources, Inc | -0.02 | 0.10 | 0.15 | 68 | Energy | |
| Kinross Gold Corporation | 0.08 | 0.11 | 0.15 | 79 | Basic Materials | |
| Ituran Location and Control Ltd. | 0.25 | 0.26 | 0.24 | 88 | Technology | |
| ARMOUR Residential REIT, Inc. | 0.38 | 0.51 | 0.58 | 67 | Real Estate | |
| Orchid Island Capital, Inc. | 0.45 | 0.52 | 0.58 | 61 | Real Estate |
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