Looking to balance out your exposure to MRAM? The ETFs below have the lowest correlation with MRAM — they tend to move on their own, which can help reduce risk when MRAM drops. The stock ideas table highlights individual companies that behave independently from MRAM.
Best Diversifiers for MRAM
3 ETFs have low correlation with MRAM (below 0.3), 1 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.01 | -0.01 | — | 99 | Commodities | MRAM vs BWET | |
| SonicShares Global Shipping ETF | 0.18 | 0.14 | — | 90 | Transportation Equities | MRAM vs BOAT | |
| iShares North American Natural Resources ETF | 0.18 | 0.19 | 0.24 | 70 | Energy Equities | MRAM vs IGE | |
| GraniteShares 2x Long DELL Daily ETF | 0.31 | — | — | 95 | Leveraged Equities | MRAM vs DLLL | |
| SPDR Portfolio S&P 500 Value ETF | 0.37 | 0.32 | 0.40 | 79 | S&P 500, Large Cap Value Equities | MRAM vs SPYV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRAM and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.04 | -0.01 | 0.07 | 73 | Utilities | |
| Apple Inc | 0.20 | 0.22 | 0.34 | 93 | Technology | |
| Alphabet Inc. Class A | 0.25 | 0.25 | 0.35 | 97 | Communication Services | |
| BrightSpring Health Services, Inc | 0.29 | — | — | 99 | Healthcare | |
| Amazon.com, Inc | 0.31 | 0.29 | 0.39 | 57 | Consumer Cyclical |
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