Looking to balance out your exposure to MO? The ETFs below have historically moved differently from MO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MO
294 ETFs have low correlation with MO (below 0.3), 237 of which are negatively correlated. The least correlated is Invesco AI and Next Gen Software ETF (IGPT) (Artificial Intelligence) with a 1Y correlation of -0.43, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco AI and Next Gen Software ETF | -0.43 | -0.22 | -0.09 | 81 | Artificial Intelligence, Technology Equities | MO vs IGPT | |
| ProShares Ultra Semiconductors | -0.43 | -0.26 | -0.11 | 57 | Leveraged Equities, Semiconductors | MO vs USD | |
| Direxion Daily Technology Bull 3X Shares | -0.42 | -0.20 | -0.05 | 53 | Leveraged Equities, Technology Equities | MO vs TECL | |
| iShares U.S. Technology ETF | -0.42 | -0.21 | -0.06 | 56 | Technology Equities | MO vs IYW | |
| iShares MSCI USA Quality GARP ETF | -0.41 | -0.17 | -0.02 | 67 | Quality Factor, Large Cap Growth Equities | MO vs GARP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.35, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.35 | -0.21 | -0.08 | 96 | Technology | |
| Credo Technology Group Holding Ltd | -0.35 | -0.20 | -0.10 | 76 | Technology | |
| NVIDIA Corporation | -0.35 | -0.23 | -0.11 | 63 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.33 | -0.23 | -0.11 | 89 | Technology | |
| ASML Holding N.V. | -0.33 | -0.19 | -0.07 | 96 | Technology |
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