Looking to balance out your exposure to MRVI? The ETFs below have the lowest correlation with MRVI — they tend to move on their own, which can help reduce risk when MRVI drops. The stock ideas table highlights individual companies that behave independently from MRVI.
Best Diversifiers for MRVI
1 ETFs have low correlation with MRVI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.25 | 0.20 | 0.24 | 66 | Japan Equities, Asia Pacific Equities | MRVI vs SCJ | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.30 | 0.31 | 86 | Dividend | MRVI vs SCHD | |
| Vanguard S&P 500 ETF | 0.32 | 0.26 | 0.31 | 66 | S&P 500 | MRVI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.26 | 0.32 | 66 | S&P 500 | MRVI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRVI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRVI and solid risk/return profiles. The least correlated is Nutrien Ltd. (NTR) (Basic Materials) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | -0.11 | 0.02 | 0.08 | 58 | Basic Materials | |
| ONEOK, Inc. | 0.02 | 0.06 | 0.12 | 65 | Energy | |
| Johnson & Johnson | 0.04 | 0.12 | 0.12 | 97 | Healthcare | |
| Berkshire Hathaway Inc. | 0.07 | 0.16 | 0.17 | 53 | Financial Services | |
| Precision Drilling Corporation | 0.09 | 0.12 | 0.11 | 85 | Energy |
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