Looking to balance out your exposure to MNR? The ETFs below have the lowest correlation with MNR — they tend to move on their own, which can help reduce risk when MNR drops. The stock ideas table highlights individual companies that behave independently from MNR.
Best Diversifiers for MNR
4 ETFs have low correlation with MNR (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.06 | — | — | 76 | Technology Equities | MNR vs IYW | |
| Vanguard S&P 500 ETF | -0.03 | — | — | 74 | S&P 500 | MNR vs VOO | |
| NEOS S&P 500 High Income ETF | -0.02 | 0.14 | — | 75 | Derivative Income, S&P 500 | MNR vs SPYI | |
| Schwab U.S. Dividend Equity ETF | 0.29 | — | — | 85 | Dividend | MNR vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNR and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telefonaktiebolaget LM Ericsson (publ) | 0.05 | — | — | 86 | Technology | |
| Nordic American Tankers Limited | 0.16 | — | — | 94 | Industrials | |
| Hess Midstream LP | 0.30 | — | — | 54 | Energy | |
| Plains All American Pipeline, L.P. | 0.37 | — | — | 89 | Energy |
Diversification Analysis
Build a portfolio that complements MNR
Add MNR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MNR