Looking to balance out your exposure to MRAAY? The ETFs below have the lowest correlation with MRAAY — they tend to move on their own, which can help reduce risk when MRAAY drops. The stock ideas table highlights individual companies that behave independently from MRAAY.
Best Diversifiers for MRAAY
0 ETFs have low correlation with MRAAY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.55, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.55 | 0.50 | 0.52 | 62 | Nasdaq-100 | MRAAY vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRAAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRAAY and solid risk/return profiles. The least correlated is Texas Instruments Incorporated (TXN) (Technology) with a 1Y correlation of 0.20, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Instruments Incorporated | 0.20 | 0.31 | 0.38 | 76 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.39 | 0.38 | 0.45 | 93 | Technology | |
| TDK Corp ADR | 0.64 | 0.60 | 0.61 | 89 | Technology |
Build a portfolio that complements MRAAY
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