Looking to balance out your exposure to MRX? The ETFs below have the lowest correlation with MRX — they tend to move on their own, which can help reduce risk when MRX drops. The stock ideas table highlights individual companies that behave independently from MRX.
No Diversifiers Found for MRX
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 MRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRX and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.60, roughly unchanged from -0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.60 | -0.60 | -0.60 | 92 | Healthcare | |
| Gold Fields Limited | -0.47 | -0.47 | -0.47 | 64 | Basic Materials | |
| AstraZeneca PLC | -0.31 | -0.31 | -0.31 | 69 | Healthcare | |
| Oil-Dri Corporation of America | -0.25 | -0.25 | -0.25 | 85 | Basic Materials | |
| Prologis, Inc. | -0.14 | -0.14 | -0.14 | 90 | Real Estate |
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