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
1 ETFs have low correlation with MRAM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares North American Natural Resources ETF (IGE) (Energy Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares North American Natural Resources ETF | 0.20 | 0.20 | 0.25 | 84 | Energy Equities | MRAM vs IGE | |
| SPDR Portfolio S&P 500 Value ETF | 0.39 | 0.32 | 0.39 | 66 | S&P 500, Large Cap Value Equities | MRAM vs SPYV | |
| iShares Edge MSCI USA Value Factor ETF | 0.51 | 0.41 | 0.46 | 97 | Large Cap Value Equities | MRAM vs VLUE | |
| Vanguard S&P 500 ETF | 0.54 | 0.43 | 0.50 | 70 | S&P 500 | MRAM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.54 | 0.44 | 0.50 | 70 | S&P 500 | MRAM vs SPY |
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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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.23, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.23 | 0.23 | 0.34 | 96 | Communication Services | |
| Apple Inc | 0.24 | 0.24 | 0.34 | 89 | Technology | |
| Skyworks Solutions, Inc. | 0.26 | 0.35 | 0.45 | 52 | Technology | |
| Amazon.com, Inc | 0.31 | 0.29 | 0.39 | 60 | Consumer Cyclical | |
| Intuitive Machines Inc. | 0.35 | 0.25 | 0.18 | 86 | Industrials |
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Build a portfolio that complements MRAM
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