Looking to balance out your exposure to MLM? The ETFs below have the lowest correlation with MLM — they tend to move on their own, which can help reduce risk when MLM drops. The stock ideas table highlights individual companies that behave independently from MLM.
Best Diversifiers for MLM
1 ETFs have low correlation with MLM (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | MLM vs BIL | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.53 | 0.61 | 70 | S&P 500 | MLM vs SPY | |
| Vanguard S&P 500 ETF | 0.43 | 0.54 | 0.61 | 70 | S&P 500 | MLM vs VOO | |
| Global X US Infrastructure Development ETF | 0.71 | 0.72 | 0.74 | 59 | Utilities Equities | MLM vs PAVE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLM and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | 0.04 | 0.14 | 85 | Energy | |
| CF Industries Holdings, Inc. | -0.09 | 0.02 | 0.12 | 60 | Basic Materials | |
| Chevron Corporation | -0.08 | 0.06 | 0.15 | 83 | Energy | |
| The Williams Companies, Inc. | 0.01 | 0.17 | 0.25 | 66 | Energy | |
| Enterprise Products Partners L.P. | 0.03 | 0.15 | 0.23 | 85 | Energy |
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