Looking to balance out your exposure to MLEC? The ETFs below have the lowest correlation with MLEC — they tend to move on their own, which can help reduce risk when MLEC drops. The stock ideas table highlights individual companies that behave independently from MLEC.
No Diversifiers Found for MLEC
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 MLEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLEC and solid risk/return profiles. The least correlated is Canadian Pacific Kansas City Limited (CP) (Industrials) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Pacific Kansas City Limited | -0.10 | -0.01 | — | 52 | Industrials | |
| Cipher Digital Inc. | -0.09 | 0.02 | — | 96 | Technology | |
| Seabridge Gold Inc. | -0.04 | -0.05 | -0.03 | 73 | Basic Materials | |
| First Majestic Silver Corp. | -0.04 | -0.01 | — | 76 | Basic Materials | |
| Silvercorp Metals Inc. | -0.03 | -0.04 | -0.05 | 88 | Basic Materials |
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