Looking to balance out your exposure to MKC? The ETFs below have the lowest correlation with MKC — they tend to move on their own, which can help reduce risk when MKC drops. The stock ideas table highlights individual companies that behave independently from MKC.
Best Diversifiers for MKC
5 ETFs have low correlation with MKC (below 0.3), 4 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.19, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.19 | -0.09 | 0.04 | 76 | Technology Equities | MKC vs VGT | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.09 | 0.20 | 74 | S&P 500 | MKC vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.09 | 0.20 | 74 | S&P 500 | MKC vs VOO | |
| Vanguard Total Stock Market ETF | -0.00 | 0.11 | 0.19 | 73 | Large Cap Blend Equities | MKC vs VTI | |
| Inspire 100 ETF | 0.13 | 0.16 | 0.23 | 83 | Large Cap Growth Equities | MKC vs BIBL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MKC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MKC and solid risk/return profiles. The least correlated is Marvell Technology Group Ltd. (MRVL) (Technology) with a 1Y correlation of -0.12, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology Group Ltd. | -0.12 | -0.07 | -0.00 | 98 | Technology | |
| Tesla, Inc. | -0.06 | 0.02 | 0.04 | 58 | Consumer Cyclical | |
| Rivian Automotive, Inc. | -0.05 | 0.05 | 0.06 | 58 | Consumer Cyclical | |
| Lithium Americas Corp. | -0.03 | 0.03 | 0.03 | 70 | Basic Materials | |
| Intel Corporation | -0.02 | 0.04 | 0.09 | 98 | Technology |
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