Looking to balance out your exposure to MNKD? The ETFs below have the lowest correlation with MNKD — they tend to move on their own, which can help reduce risk when MNKD drops. The stock ideas table highlights individual companies that behave independently from MNKD.
Best Diversifiers for MNKD
3 ETFs have low correlation with MNKD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.23, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.23 | 0.26 | 0.34 | 76 | Technology Equities | MNKD vs VGT | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.32 | 0.37 | 70 | S&P 500 | MNKD vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.32 | 0.37 | 70 | S&P 500 | MNKD vs VOO |
Diversification Analysis
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