Looking to balance out your exposure to MOD? The ETFs below have the lowest correlation with MOD — they tend to move on their own, which can help reduce risk when MOD drops. The stock ideas table highlights individual companies that behave independently from MOD.
Best Diversifiers for MOD
3 ETFs have low correlation with MOD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.01 | 0.04 | 100 | Ultrashort Bond | MOD vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.31 | 0.41 | 85 | Dividend | MOD vs SCHD | |
| Direxion Daily GOOGL Bull 2X Shares | 0.27 | 0.27 | — | 95 | Leveraged Equities | MOD vs GGLL | |
| Direxion Daily MU Bull 2X Shares | 0.36 | — | — | 99 | Leveraged Equities | MOD vs MUU | |
| Nomura Focused Emerging Markets Equity ETF | 0.38 | — | — | 96 | Emerging Markets Diversified | MOD vs EMEQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MOD and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.13 | 0.05 | 0.15 | 64 | Consumer Cyclical | |
| Chubb Limited | -0.10 | 0.00 | 0.16 | 57 | Financial Services | |
| Exxon Mobil Corporation | -0.05 | 0.07 | 0.15 | 86 | Energy | |
| Johnson & Johnson | -0.04 | -0.08 | -0.02 | 94 | Healthcare | |
| Chevron Corporation | -0.03 | 0.08 | 0.15 | 84 | Energy |
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Build a portfolio that complements MOD
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