Looking to balance out your exposure to MTA? The ETFs below have the lowest correlation with MTA — they tend to move on their own, which can help reduce risk when MTA drops. The stock ideas table highlights individual companies that behave independently from MTA.
Best Diversifiers for MTA
0 ETFs have low correlation with MTA (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.42, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.42 | 0.28 | 0.25 | 61 | Technology Equities | MTA vs FTEC | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.28 | 0.26 | 66 | S&P 500 | MTA vs SPY | |
| Invesco QQQ ETF | 0.45 | 0.28 | 0.25 | 61 | Nasdaq-100 | MTA vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTA and solid risk/return profiles. The least correlated is Aurubis AG ADR (AIAGY) (Industrials) with a 1Y correlation of 0.07, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aurubis AG ADR | 0.07 | 0.08 | 0.04 | 92 | Industrials | |
| Broadcom Inc. | 0.26 | 0.21 | 0.22 | 72 | Technology | |
| Sprott Physical Gold Trust | 0.56 | 0.55 | 0.55 | 63 | Financial Services | |
| Franco-Nevada Corporation | 0.58 | 0.59 | 0.62 | 67 | Basic Materials | |
| Centerra Gold Inc | 0.71 | 0.65 | 0.62 | 91 | Basic Materials |
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