Looking to balance out your exposure to MORN? The ETFs below have the lowest correlation with MORN — they tend to move on their own, which can help reduce risk when MORN drops. The stock ideas table highlights individual companies that behave independently from MORN.
Best Diversifiers for MORN
7 ETFs have low correlation with MORN (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.05, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.05 | 0.28 | 0.48 | 59 | Technology Equities | MORN vs FTEC | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.38 | 0.54 | 60 | S&P 500 | MORN vs SPY | |
| Vanguard S&P 500 ETF | 0.12 | 0.38 | 0.54 | 60 | S&P 500 | MORN vs VOO | |
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.14 | 0.40 | 0.54 | 62 | Large Cap Blend Equities | MORN vs SPTM | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.15 | 0.44 | 0.52 | 55 | Mid Cap Blend Equities | MORN vs SPMD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MORN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MORN and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.23 | — | — | 89 | Industrials | |
| Advanced Energy Industries, Inc. | -0.12 | 0.21 | 0.34 | 95 | Industrials | |
| AAON, Inc. | -0.12 | 0.21 | 0.30 | 80 | Industrials | |
| Franco-Nevada Corporation | -0.07 | 0.06 | 0.12 | 64 | Basic Materials | |
| The Williams Companies, Inc. | -0.06 | 0.17 | 0.17 | 75 | Energy |
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