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
9 ETFs have low correlation with MORN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.09, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.09 | 0.31 | 0.51 | 57 | S&P 500, Large Cap Growth Equities | MORN vs SPYG | |
| Vanguard S&P 500 Growth ETF | 0.11 | 0.31 | 0.51 | 58 | S&P 500, Large Cap Growth Equities | MORN vs VOOG | |
| Fidelity MSCI Information Technology Index ETF | 0.14 | 0.31 | 0.50 | 77 | Technology Equities | MORN vs FTEC | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.41 | 0.55 | 70 | S&P 500 | MORN vs SPY | |
| SPDR Portfolio S&P 600 Small Cap ETF | 0.19 | 0.44 | 0.49 | 58 | Small Cap Blend Equities | MORN vs SPSM |
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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. | -0.16 | — | — | 87 | Utilities | |
| Advanced Energy Industries, Inc. | -0.06 | 0.23 | 0.36 | 94 | Industrials | |
| Duke Energy Corporation | -0.06 | 0.10 | 0.14 | 53 | Utilities | |
| AAON, Inc. | -0.05 | 0.23 | 0.32 | 69 | Industrials | |
| Atmos Energy Corporation | 0.00 | 0.18 | 0.21 | 60 | Utilities |
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Build a portfolio that complements MORN
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