Looking to balance out your exposure to MLTX? The ETFs below have the lowest correlation with MLTX — they tend to move on their own, which can help reduce risk when MLTX drops. The stock ideas table highlights individual companies that behave independently from MLTX.
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 0.25, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.25 | 0.22 | 0.16 | 73 | Nasdaq-100 | MLTX vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLTX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.08 | -0.02 | -0.02 | 83 | Energy | |
| UnitedHealth Group Incorporated | 0.01 | 0.03 | 0.01 | 61 | Healthcare | |
| Capricor Therapeutics, Inc. | 0.13 | 0.20 | 0.16 | 79 | Healthcare | |
| MBX Biosciences, Inc | 0.15 | 0.22 | 0.22 | 79 | Healthcare | |
| Cipher Mining Inc. | 0.16 | 0.18 | 0.14 | 96 | Financial Services |
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