Looking to balance out your exposure to MNTK? The ETFs below have the lowest correlation with MNTK — they tend to move on their own, which can help reduce risk when MNTK drops. The stock ideas table highlights individual companies that behave independently from MNTK.
Best Diversifiers for MNTK
1 ETFs have low correlation with MNTK (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P 500 Covered Call ETF (XYLD) (Derivative Income) with a 1Y correlation of 0.21, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Covered Call ETF | 0.21 | 0.20 | 0.27 | 84 | Derivative Income, S&P 500 | MNTK vs XYLD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNTK and solid risk/return profiles. The least correlated is Cmb.Tech NV (CMBT) (Energy) with a 1Y correlation of 0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cmb.Tech NV | 0.04 | 0.11 | 0.15 | 82 | Energy | |
| NorthWestern Corporation | 0.10 | 0.15 | 0.14 | 86 | Utilities | |
| ALLETE, Inc. | 0.11 | 0.22 | 0.19 | 77 | Utilities | |
| Avista Corporation | 0.14 | 0.14 | 0.15 | 68 | Utilities | |
| Chevron Corporation | 0.14 | 0.21 | 0.28 | 84 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MNTK
Add MNTK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MNTK