Looking to balance out your exposure to MLGO? The ETFs below have the lowest correlation with MLGO — they tend to move on their own, which can help reduce risk when MLGO drops. The stock ideas table highlights individual companies that behave independently from MLGO.
Best Diversifiers for MLGO
0 ETFs have low correlation with MLGO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.08 | 0.09 | 70 | S&P 500 | MLGO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLGO and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.20, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.20 | 0.06 | 0.07 | 98 | Technology | |
| Kraken Robotics Inc | 0.23 | 0.11 | 0.08 | 92 | Technology | |
| Opendoor Technologies Inc. | 0.24 | 0.14 | 0.12 | 96 | Real Estate | |
| TMC the metals company Inc. | 0.37 | 0.10 | — | 57 | Basic Materials |
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