Looking to balance out your exposure to MQ? The ETFs below have historically moved differently from MQ, 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 MQ
2 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 0.23, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.23 | 0.32 | 0.45 | 78 | S&P 500 | MQ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.32 | 0.45 | 78 | S&P 500 | MQ vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MQ, 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 Ducommun Incorporated (DCO) (Industrials) with a 1Y correlation of 0.08, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ducommun Incorporated | 0.08 | 0.22 | 0.26 | 95 | Industrials | |
| Texas Roadhouse, Inc. | 0.10 | 0.15 | 0.26 | 62 | Consumer Cyclical | |
| Oscar Health, Inc. | 0.15 | 0.23 | 0.35 | 85 | Healthcare | |
| The Cheesecake Factory Incorporated | 0.16 | 0.22 | 0.32 | 86 | Consumer Cyclical | |
| Clover Health Investments, Corp. | 0.19 | 0.23 | 0.38 | 68 | Healthcare |
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