Looking to balance out your exposure to MRAAY? The ETFs below have historically moved differently from MRAAY, 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 MRAAY
0 ETFs have low correlation with MRAAY (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Fundamental Emerging Markets ETF | 0.57 | — | — | 78 | Emerging Markets Equities | MRAAY vs FFEM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRAAY, 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 Mitsui OSK Lines Ltd ADR (MSLOY) (Industrials) with a 1Y correlation of 0.12, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsui OSK Lines Ltd ADR | 0.12 | 0.18 | 0.17 | 52 | Industrials | |
| Safran SA | 0.25 | 0.31 | 0.34 | 64 | Industrials | |
| Kawasaki Heavy Industries Ltd ADR | 0.28 | 0.28 | 0.28 | 56 | Industrials | |
| Texas Instruments Incorporated | 0.33 | 0.33 | 0.39 | 82 | Technology | |
| Furukawa Electric Co Ltd ADR | 0.39 | 0.21 | 0.15 | 95 | Industrials |
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