Looking to balance out your exposure to MRAM? The ETFs below have historically moved differently from MRAM, 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 MRAM
3 ETFs have low correlation with MRAM (below 0.3), 0 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of 0.03, roughly unchanged from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | 0.03 | 0.00 | — | 99 | Commodities | MRAM vs BWET | |
| SonicShares Global Shipping ETF | 0.19 | 0.14 | — | 91 | Industrials Equities, Global Equities | MRAM vs BOAT | |
| iShares North American Natural Resources ETF | 0.21 | 0.20 | 0.24 | 80 | Energy Equities | MRAM vs IGE | |
| SPDR Portfolio S&P 500 Value ETF | 0.33 | 0.30 | 0.39 | 86 | S&P 500, Large Cap Value Equities | MRAM vs SPYV | |
| GraniteShares 2x Long DELL Daily ETF | 0.35 | — | — | 96 | Leveraged Equities | MRAM vs DLLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRAM, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.04 | -0.01 | 0.07 | 77 | Utilities | |
| Apple Inc | 0.16 | 0.20 | 0.30 | 90 | Technology | |
| Alphabet Inc. Class A | 0.23 | 0.24 | 0.34 | 95 | Communication Services | |
| BrightSpring Health Services, Inc | 0.31 | 0.20 | 0.20 | 99 | Healthcare | |
| Amazon.com, Inc | 0.32 | 0.26 | 0.36 | 70 | Consumer Cyclical |
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