Looking to balance out your exposure to MLTX? The ETFs below have historically moved differently from MLTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MLTX
1 ETFs have low correlation with MLTX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.24, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.24 | 0.22 | 0.17 | 58 | Nasdaq-100 | MLTX vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MLTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.05 | -0.01 | -0.02 | 79 | Energy | |
| Enovis Corp | 0.04 | 0.14 | 0.12 | 50 | Industrials | |
| UnitedHealth Group Incorporated | 0.07 | 0.04 | 0.02 | 88 | Healthcare | |
| MBX Biosciences, Inc | 0.14 | — | — | 97 | Healthcare | |
| Opendoor Technologies Inc. | 0.17 | 0.20 | 0.15 | 73 | Real Estate |
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