Looking to balance out your exposure to MKTX? The ETFs below have the lowest correlation with MKTX — they tend to move on their own, which can help reduce risk when MKTX drops. The stock ideas table highlights individual companies that behave independently from MKTX.
Best Diversifiers for MKTX
5 ETFs have low correlation with MKTX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.21, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.21 | -0.01 | 0.23 | 76 | Technology Equities | MKTX vs VGT | |
| Direxion Daily S&P 500 Bull 2x Shares | -0.12 | 0.09 | 0.29 | 67 | Leveraged Equities, S&P 500 | MKTX vs SPUU | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.09 | 0.29 | 74 | S&P 500 | MKTX vs SPY | |
| United States Oil Fund LP | 0.06 | -0.01 | 0.02 | 66 | Oil & Gas | MKTX vs USO | |
| iShares 0-3 Month Treasury Bond ETF | 0.11 | 0.09 | 0.07 | 100 | Ultrashort Bond | MKTX vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MKTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MKTX and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.20 | -0.02 | 0.16 | 97 | Technology | |
| ASML Holding N.V. | -0.19 | -0.02 | 0.18 | 94 | Technology | |
| Steel Dynamics, Inc. | -0.18 | -0.01 | 0.07 | 93 | Basic Materials | |
| Intel Corporation | -0.18 | -0.05 | 0.11 | 98 | Technology | |
| Tesla, Inc. | -0.18 | -0.01 | 0.12 | 58 | Consumer Cyclical |
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