Looking to balance out your exposure to MMSI? The ETFs below have the lowest correlation with MMSI — they tend to move on their own, which can help reduce risk when MMSI drops. The stock ideas table highlights individual companies that behave independently from MMSI.
Best Diversifiers for MMSI
1 ETFs have low correlation with MMSI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.39 | 0.47 | 74 | S&P 500 | MMSI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MMSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MMSI and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.04, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.04 | 0.15 | 0.26 | 76 | Technology | |
| Eli Lilly and Company | 0.15 | 0.17 | 0.21 | 75 | Healthcare | |
| Lantheus Holdings, Inc. | 0.32 | 0.30 | 0.38 | 58 | Healthcare |
Build a portfolio that complements MMSI
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