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
298 ETFs have low correlation with MO (below 0.3), 245 of which are negatively correlated. The least correlated is Global X Artificial Intelligence & Technology ETF (AIQ) (Technology Equities) with a 1Y correlation of -0.40, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence & Technology ETF | -0.40 | -0.18 | -0.05 | 52 | Technology Equities | MO vs AIQ | |
| State Street Technology Select Sector SPDR ETF | -0.39 | -0.18 | -0.04 | 61 | Technology Equities | MO vs XLK | |
| Invesco AI and Next Gen Software ETF | -0.39 | -0.21 | -0.08 | 90 | Technology Equities | MO vs IGPT | |
| iShares MSCI USA Quality GARP ETF | -0.39 | -0.16 | -0.01 | 64 | Large Cap Growth Equities | MO vs GARP | |
| Direxion Daily Technology Bull 3X Shares | -0.39 | -0.18 | -0.04 | 54 | Leveraged Equities, Technology Equities | MO vs TECL |
To view more results, upgrade your current subscription plan.
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 -0.33, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.33 | -0.22 | -0.11 | 66 | Technology | |
| Lam Research Corporation | -0.33 | -0.19 | -0.08 | 97 | Technology | |
| ASML Holding N.V. | -0.31 | -0.17 | -0.05 | 95 | Technology | |
| Credo Technology Group Holding Ltd | -0.31 | -0.19 | -0.09 | 81 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.30 | -0.22 | -0.10 | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MO
Add MO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MO