Looking to balance out your exposure to MNDY? The ETFs below have historically moved differently from MNDY, 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 MNDY
7 ETFs have low correlation with MNDY (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.05 | 0.06 | 0.13 | 91 | Dividend, Large Cap Value Equities | MNDY vs HDV | |
| Vanguard International High Dividend Yield ETF | -0.04 | 0.18 | 0.27 | 91 | Dividend, Foreign Large Cap Equities | MNDY vs VYMI | |
| Capital Group Dividend Value ETF | 0.07 | 0.33 | — | 85 | Large Cap Value Equities, Dividend | MNDY vs CGDV | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.16 | — | — | 85 | Derivative Income, S&P 500 | MNDY vs GPIX | |
| Vanguard S&P 500 ETF | 0.16 | 0.42 | 0.47 | 78 | S&P 500 | MNDY vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MNDY, 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 Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of -0.17, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | -0.17 | 0.21 | 0.24 | 95 | Industrials | |
| Ventas, Inc. | -0.16 | -0.00 | 0.09 | 88 | Real Estate | |
| Tower Semiconductor Ltd | -0.16 | 0.17 | 0.20 | 98 | Technology | |
| Johnson & Johnson | -0.15 | -0.13 | -0.05 | 96 | Healthcare | |
| Argan, Inc. | -0.14 | 0.11 | 0.11 | 92 | Industrials |
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