Looking to balance out your exposure to MMYT? The ETFs below have the lowest correlation with MMYT — they tend to move on their own, which can help reduce risk when MMYT drops. The stock ideas table highlights individual companies that behave independently from MMYT.
Best Diversifiers for MMYT
0 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 0.30, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.38 | 0.42 | 70 | S&P 500 | MMYT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MMYT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MMYT and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.18 | 0.02 | 0.14 | 83 | Energy | |
| YPF Sociedad Anónima | -0.10 | 0.11 | 0.19 | 71 | Energy | |
| Walmart Inc. | 0.00 | 0.10 | 0.08 | 63 | Consumer Defensive | |
| Howmet Aerospace Inc. | 0.01 | 0.24 | 0.30 | 79 | Industrials | |
| Insmed Incorporated | 0.01 | 0.15 | 0.24 | 62 | Healthcare |
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