Looking to balance out your exposure to MLCO? The ETFs below have the lowest correlation with MLCO — they tend to move on their own, which can help reduce risk when MLCO drops. The stock ideas table highlights individual companies that behave independently from MLCO.
No Diversifiers Found for MLCO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLCO and solid risk/return profiles. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.09 | 0.03 | 0.08 | 52 | Consumer Defensive | |
| Johnson & Johnson | -0.03 | 0.01 | -0.01 | 96 | Healthcare | |
| Acadia Healthcare Company, Inc. | -0.01 | 0.09 | 0.15 | 66 | Healthcare | |
| NVIDIA Corporation | 0.08 | 0.16 | 0.25 | 63 | Technology | |
| TKO Group Holdings Inc. | 0.10 | 0.13 | 0.13 | 55 | Communication Services |
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