Looking to balance out your exposure to MNDY? The ETFs below have the lowest correlation with MNDY — they tend to move on their own, which can help reduce risk when MNDY drops. The stock ideas table highlights individual companies that behave independently from MNDY.
Best Diversifiers for MNDY
8 ETFs have low correlation with MNDY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.06, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.06 | 0.05 | — | 64 | Dividend, Large Cap Value Equities | MNDY vs HDV | |
| Vanguard International High Dividend Yield ETF | 0.03 | 0.19 | — | 66 | Dividend, Foreign Large Cap Equities | MNDY vs VYMI | |
| Capital Group Dividend Value ETF | 0.16 | 0.36 | — | 76 | Large Cap Value Equities, Dividend | MNDY vs CGDV | |
| ProShares UltraPro QQQ | 0.26 | 0.47 | — | 71 | Leveraged Equities | MNDY vs TQQQ | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.26 | — | — | 75 | Derivative Income, S&P 500 | MNDY vs GPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNDY and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | -0.20 | -0.02 | 0.09 | 80 | Real Estate | |
| Johnson & Johnson | -0.18 | -0.14 | — | 92 | Healthcare | |
| Walmart Inc. | -0.11 | 0.09 | 0.10 | 63 | Consumer Defensive | |
| Eldorado Gold Corporation | -0.09 | 0.05 | — | 66 | Basic Materials | |
| Raytheon Technologies Corporation | -0.06 | 0.03 | — | 70 | Industrials |
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