Looking to balance out your exposure to MLKN? The ETFs below have the lowest correlation with MLKN — they tend to move on their own, which can help reduce risk when MLKN drops. The stock ideas table highlights individual companies that behave independently from MLKN.
Best Diversifiers for MLKN
0 ETFs have low correlation with MLKN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.40, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.43 | 0.51 | 74 | S&P 500 | MLKN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.43 | 0.51 | 74 | S&P 500 | MLKN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLKN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLKN and solid risk/return profiles. The least correlated is Huazhu Group Limited (HTHT) (Consumer Cyclical) with a 1Y correlation of 0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Huazhu Group Limited | 0.03 | 0.18 | 0.21 | 71 | Consumer Cyclical |
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