Looking to balance out your exposure to MMYT? The ETFs below have historically moved differently from MMYT, 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 MMYT
1 ETFs have low correlation with MMYT (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 0.29, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.38 | 0.42 | 78 | S&P 500 | MMYT vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MMYT, 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 -0.21, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.21 | -0.02 | 0.10 | 79 | Energy | |
| YPF Sociedad Anónima | -0.15 | 0.10 | 0.18 | 75 | Energy | |
| Walmart Inc. | -0.04 | 0.08 | 0.07 | 60 | Consumer Defensive | |
| Howmet Aerospace Inc. | -0.02 | 0.21 | 0.27 | 89 | Industrials | |
| EMCOR Group, Inc. | -0.01 | 0.28 | 0.30 | 67 | Industrials |
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