Looking to balance out your exposure to MNKD? The ETFs below have historically moved differently from MNKD, 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 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 0.20, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.20 | 0.24 | 0.34 | 52 | Technology Equities | MNKD vs VGT | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.30 | 0.37 | 67 | S&P 500 | MNKD vs SPY | |
| Vanguard S&P 500 ETF | 0.24 | 0.30 | 0.37 | 68 | S&P 500 | MNKD vs VOO |
Diversification Analysis
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