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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sandisk Corporation | -0.08 | — | — | 100 | Technology | |
| Cipher Mining Inc. | -0.01 | -0.03 | — | 96 | Financial Services | |
| Energy Transfer LP | 0.01 | 0.03 | — | 74 | Energy | |
| Aris Water Solutions, Inc. | 0.05 | 0.04 | — | 93 | Utilities | |
| Canadian Pacific Railway Limited | 0.06 | 0.03 | — | 53 | Industrials |
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