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
254 ETFs have low correlation with MO (below 0.3), 217 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.36, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.36 | -0.17 | -0.03 | 66 | Technology Equities | MO vs XLK | |
| Direxion Daily Technology Bull 3X Shares | -0.36 | -0.17 | -0.03 | 64 | Leveraged Equities, Technology Equities | MO vs TECL | |
| iShares U.S. Technology ETF | -0.36 | -0.18 | -0.05 | 59 | Technology Equities | MO vs IYW | |
| Vanguard Information Technology ETF | -0.36 | -0.17 | -0.03 | 58 | Technology Equities | MO vs VGT | |
| iShares Future AI & Tech ETF | -0.35 | -0.15 | -0.03 | 81 | Technology Equities | MO vs ARTY |
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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 Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.31 | -0.19 | -0.07 | 98 | Technology | |
| NVIDIA Corporation | -0.31 | -0.22 | -0.11 | 70 | Technology | |
| Cadence Design Systems, Inc. | -0.29 | -0.18 | -0.07 | 61 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.28 | -0.21 | -0.09 | 93 | Technology | |
| QUALCOMM Incorporated | -0.28 | -0.12 | -0.01 | 62 | Technology |
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Build a portfolio that complements MO
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Analyze a portfolio with MO