Looking to diversify beyond MOOD? The ETFs below have the lowest correlation with MOOD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MOOD.
Best Diversifiers for MOOD
205 ETFs have low correlation with MOOD (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.24 | — | 61 | Leveraged Currency | MOOD vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.11 | — | 100 | Government Bonds, Ultrashort Bond | MOOD vs BIL | |
| TCW AAA CLO ETF | -0.09 | — | — | 99 | CLO | MOOD vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | 0.02 | 0.02 | 99 | Ultrashort Bond | MOOD vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.08 | -0.07 | 100 | Ultrashort Bond | MOOD vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MOOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MOOD and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | 0.21 | 0.21 | 0.24 | 84 | Industrials | |
| KLA Corporation | 0.53 | 0.54 | 0.59 | 97 | Technology | |
| Sprott Inc | 0.55 | 0.53 | 0.54 | 82 | Financial Services |
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