Looking to balance out your exposure to MQ? The ETFs below have the lowest correlation with MQ — they tend to move on their own, which can help reduce risk when MQ drops. The stock ideas table highlights individual companies that behave independently from MQ.
Best Diversifiers for MQ
0 ETFs have low correlation with MQ (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.32, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.36 | — | 70 | S&P 500 | MQ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | — | 70 | S&P 500 | MQ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MQ and solid risk/return profiles. The least correlated is Ducommun Incorporated (DCO) (Industrials) with a 1Y correlation of 0.10, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ducommun Incorporated | 0.10 | 0.23 | 0.26 | 93 | Industrials | |
| Tesla, Inc. | 0.11 | 0.23 | — | 55 | Consumer Cyclical | |
| Oscar Health, Inc. | 0.15 | 0.22 | — | 59 | Healthcare | |
| Wynn Resorts, Limited | 0.22 | 0.24 | — | 56 | Consumer Cyclical | |
| Opendoor Technologies Inc. | 0.25 | 0.35 | — | 96 | Real Estate |
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