Looking to balance out your exposure to MO? The ETFs below have the lowest correlation with MO — they tend to move on their own, which can help reduce risk when MO drops. The stock ideas table highlights individual companies that behave independently from MO.
Best Diversifiers for MO
307 ETFs have low correlation with MO (below 0.3), 251 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.32, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.32 | -0.16 | -0.03 | 76 | Technology Equities | MO vs IYW | |
| Direxion Daily Technology Bull 3X Shares | -0.32 | -0.15 | -0.01 | 84 | Leveraged Equities, Technology Equities | MO vs TECL | |
| Vanguard Information Technology ETF | -0.32 | -0.15 | -0.02 | 76 | Technology Equities | MO vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.32 | -0.14 | -0.01 | 82 | Technology Equities | MO vs XLK | |
| VanEck Semiconductor ETF | -0.30 | -0.19 | -0.06 | 96 | Semiconductors, Technology Equities | MO vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.28, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.28 | -0.20 | -0.10 | 80 | Technology | |
| Lam Research Corporation | -0.27 | -0.14 | -0.04 | 98 | Technology | |
| QUALCOMM Incorporated | -0.26 | -0.09 | 0.00 | 78 | Technology | |
| BlackRock Science and Technology Trust | -0.26 | -0.13 | -0.01 | 88 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.24 | -0.18 | -0.08 | 95 | Technology |
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Build a portfolio that complements MO
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