Looking to balance out your exposure to MKC? The ETFs below have historically moved differently from MKC, 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 MKC
5 ETFs have low correlation with MKC (below 0.3), 5 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.28, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.28 | -0.12 | 0.02 | 52 | Technology Equities | MKC vs VGT | |
| Vanguard S&P 500 ETF | -0.12 | 0.06 | 0.18 | 68 | S&P 500 | MKC vs VOO | |
| State Street SPDR S&P 500 ETF | -0.12 | 0.06 | 0.18 | 67 | S&P 500 | MKC vs SPY | |
| Vanguard Total Stock Market ETF | -0.11 | 0.07 | 0.18 | 67 | Large Cap Blend Equities | MKC vs VTI | |
| Inspire 100 ETF | -0.04 | 0.11 | 0.20 | 79 | Large Cap Growth Equities | MKC vs BIBL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MKC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of -0.24, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | -0.24 | -0.18 | -0.18 | 92 | Communication Services | |
| Marvell Technology, Inc. | -0.22 | -0.11 | -0.03 | 87 | Technology | |
| Nokia Corporation | -0.16 | 0.05 | 0.10 | 89 | Technology | |
| Intel Corporation | -0.13 | -0.01 | 0.05 | 98 | Technology | |
| Rivian Automotive, Inc. | -0.09 | 0.04 | — | 56 | Consumer Cyclical |
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