Looking to balance out your exposure to MOD? The ETFs below have historically moved differently from MOD, 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 MOD
4 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 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.00 | 0.02 | 100 | Ultrashort Bond | MOD vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.28 | 0.38 | 95 | Dividend | MOD vs SCHD | |
| Direxion Daily GOOGL Bull 2X Shares | 0.27 | 0.26 | — | 91 | Leveraged Equities | MOD vs GGLL | |
| iMGP DBi Managed Futures Strategy ETF | 0.29 | 0.20 | 0.09 | 90 | Systematic Trend | MOD vs DBMF | |
| GraniteShares 2x Long DELL Daily ETF | 0.43 | — | — | 94 | Leveraged Equities | MOD vs DLLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MOD, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.22, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.22 | 0.01 | 0.15 | 67 | Financial Services | |
| Chubb Limited | -0.21 | -0.03 | 0.11 | 89 | Financial Services | |
| Murphy USA Inc. | -0.15 | 0.02 | 0.12 | 89 | Consumer Cyclical | |
| Johnson & Johnson | -0.12 | -0.10 | -0.05 | 97 | Healthcare | |
| Walmart Inc. | -0.11 | 0.05 | 0.11 | 62 | Consumer Defensive |
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Build a portfolio that complements MOD
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