Looking to balance out your exposure to MMS? The ETFs below have historically moved differently from MMS, 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 MMS
2 ETFs have low correlation with MMS (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.02, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.02 | 0.19 | 0.30 | 58 | Nasdaq-100 | MMS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.09 | 0.31 | 0.41 | 78 | S&P 500 | MMS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MMS, 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 Mohawk Industries, Inc. (MHK) (Consumer Cyclical) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mohawk Industries, Inc. | 0.21 | 0.34 | 0.38 | 55 | Consumer Cyclical | |
| Northwest Natural Holding Company | 0.22 | 0.31 | 0.32 | 79 | Utilities | |
| Nelnet, Inc. | 0.31 | 0.35 | 0.38 | 61 | Financial Services |
Build a portfolio that complements MMS
Add MMS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MMS