Looking to balance out your exposure to MMS? The ETFs below have the lowest correlation with MMS — they tend to move on their own, which can help reduce risk when MMS drops. The stock ideas table highlights individual companies that behave independently from MMS.
Best Diversifiers for MMS
2 ETFs have low correlation with MMS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.15, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.15 | 0.25 | 0.34 | 73 | Nasdaq-100 | MMS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.35 | 0.44 | 70 | S&P 500 | MMS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MMS and solid risk/return profiles. The least correlated is Nelnet, Inc. (NNI) (Financial Services) with a 1Y correlation of 0.33, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nelnet, Inc. | 0.33 | 0.34 | 0.38 | 54 | 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