Looking to balance out your exposure to MRC? The ETFs below have the lowest correlation with MRC — they tend to move on their own, which can help reduce risk when MRC drops. The stock ideas table highlights individual companies that behave independently from MRC.
Best Diversifiers for MRC
1 ETFs have low correlation with MRC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Extended Market ETF (VXF) (Mid Cap Blend Equities) with a 1Y correlation of 0.24, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Extended Market ETF | 0.24 | 0.50 | 0.48 | 50 | Mid Cap Blend Equities | MRC vs VXF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRC and solid risk/return profiles. The least correlated is Novartis AG (NVS) (Healthcare) with a 1Y correlation of 0.06, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Novartis AG | 0.06 | 0.07 | 0.14 | 75 | Healthcare | |
| Merck & Co., Inc. | 0.06 | 0.01 | 0.07 | 87 | Healthcare | |
| Howmet Aerospace Inc. | 0.08 | 0.30 | 0.40 | 79 | Industrials | |
| Monolithic Power Systems, Inc. | 0.19 | 0.29 | 0.27 | 93 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.19 | 0.24 | 0.26 | 95 | Technology |
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