Looking to balance out your exposure to MRCY? The ETFs below have the lowest correlation with MRCY — they tend to move on their own, which can help reduce risk when MRCY drops. The stock ideas table highlights individual companies that behave independently from MRCY.
No Diversifiers Found for MRCY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRCY and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.03 | 0.05 | 0.08 | 92 | Healthcare | |
| Zymeworks Inc. | 0.10 | 0.21 | 0.17 | 88 | Healthcare | |
| Palvella Therapeutics, Inc | 0.13 | — | — | 96 | Healthcare | |
| TKO Group Holdings Inc. | 0.15 | 0.15 | 0.15 | 62 | Communication Services | |
| UnitedHealth Group Incorporated | 0.19 | 0.15 | 0.18 | 61 | Healthcare |
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