Looking to balance out your exposure to MNR? The ETFs below have historically moved differently from MNR, 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 MNR
4 ETFs have low correlation with MNR (below 0.3), 3 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.06 | — | — | 72 | S&P 500 | MNR vs VOO | |
| iShares U.S. Technology ETF | -0.04 | — | — | 56 | Technology Equities | MNR vs IYW | |
| NEOS S&P 500 High Income ETF | -0.02 | — | — | 73 | Derivative Income, S&P 500 | MNR vs SPYI | |
| Schwab U.S. Dividend Equity ETF | 0.23 | — | — | 94 | Dividend | MNR vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MNR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Invesco Ltd. | 0.03 | — | — | 83 | Financial Services | |
| Highwoods Properties, Inc. | 0.03 | — | — | 62 | Real Estate | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.08 | — | — | 74 | Technology | |
| Nordic American Tankers Limited | 0.10 | — | — | 97 | Industrials | |
| Plains All American Pipeline, L.P. | 0.36 | 0.35 | 0.35 | 90 | Energy |
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