Looking to balance out your exposure to MOV? The ETFs below have historically moved differently from MOV, 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 MOV
1 ETFs have low correlation with MOV (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.27, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.27 | 0.28 | 0.39 | 87 | Semiconductors, Technology Equities | MOV vs SMH | |
| Vanguard S&P 500 ETF | 0.39 | 0.39 | 0.49 | 68 | S&P 500 | MOV vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.39 | 0.49 | 67 | S&P 500 | MOV vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.46 | 0.51 | 95 | Dividend | MOV vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MOV, 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 Dorian LPG Ltd. (LPG) (Energy) with a 1Y correlation of 0.11, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorian LPG Ltd. | 0.11 | 0.15 | 0.19 | 88 | Energy | |
| Cactus, Inc. | 0.15 | 0.27 | 0.31 | 80 | Energy | |
| Mercury General Corporation | 0.16 | 0.24 | 0.27 | 92 | Financial Services | |
| Dell Technologies Inc. | 0.20 | 0.22 | 0.32 | 96 | Technology | |
| InterDigital, Inc. | 0.21 | 0.25 | 0.32 | 58 | Communication Services |
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