Looking to balance out your exposure to MLECW? The ETFs below have the lowest correlation with MLECW — they tend to move on their own, which can help reduce risk when MLECW drops. The stock ideas table highlights individual companies that behave independently from MLECW.
No Diversifiers Found for MLECW
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 MLECW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLECW and solid risk/return profiles. The least correlated is Sandisk Corporation (SNDK) (Technology) with a 1Y correlation of -0.07, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sandisk Corporation | -0.07 | -0.07 | -0.07 | 100 | Technology | |
| Cipher Digital Inc. | -0.03 | -0.03 | — | 91 | Technology | |
| Energy Transfer LP | -0.02 | 0.02 | 0.01 | 80 | Energy | |
| Amkor Technology, Inc. | -0.01 | -0.02 | — | 95 | Technology | |
| Canadian Pacific Kansas City Limited | 0.04 | 0.02 | — | 58 | Industrials |
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