Looking to balance out your exposure to MOV? The ETFs below have the lowest correlation with MOV — they tend to move on their own, which can help reduce risk when MOV drops. The stock ideas table highlights individual companies that behave independently from MOV.
Best Diversifiers for MOV
0 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 0.31, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.31 | 0.28 | 0.40 | 96 | Semiconductors, Technology Equities | MOV vs SMH | |
| Vanguard S&P 500 ETF | 0.42 | 0.38 | 0.49 | 70 | S&P 500 | MOV vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.38 | 0.49 | 70 | S&P 500 | MOV vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.45 | 0.46 | 0.52 | 80 | Dividend | MOV vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MOV and solid risk/return profiles. The least correlated is InterDigital, Inc. (IDCC) (Communication Services) with a 1Y correlation of 0.17, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterDigital, Inc. | 0.17 | 0.23 | 0.32 | 51 | Communication Services | |
| Dorian LPG Ltd. | 0.17 | 0.18 | 0.22 | 89 | Energy | |
| Cactus, Inc. | 0.22 | 0.30 | 0.32 | 65 | Energy | |
| Dell Technologies Inc. | 0.25 | 0.24 | 0.34 | 96 | Technology | |
| Adeia Inc | 0.29 | 0.37 | 0.40 | 90 | Technology |
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