Looking to balance out your exposure to MRVI? The ETFs below have historically moved differently from MRVI, 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 MRVI
2 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 0.23, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.24 | 0.20 | 0.23 | 68 | Japan Equities, Asia Pacific Equities | MRVI vs SCJ | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.30 | 0.30 | 95 | Dividend | MRVI vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.26 | 0.32 | 67 | S&P 500 | MRVI vs SPY | |
| Vanguard S&P 500 ETF | 0.32 | 0.26 | 0.32 | 68 | S&P 500 | MRVI vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRVI, 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 Nutrien Ltd. (NTR) (Basic Materials) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | -0.10 | 0.03 | 0.08 | 62 | Basic Materials | |
| Johnson & Johnson | -0.01 | 0.11 | 0.12 | 97 | Healthcare | |
| ONEOK, Inc. | -0.01 | 0.05 | 0.11 | 63 | Energy | |
| HCA Healthcare, Inc. | -0.01 | 0.08 | 0.14 | 57 | Healthcare | |
| Highest Performances Holdings Inc | 0.02 | 0.12 | 0.07 | 97 | Financial Services |
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