Looking to balance out your exposure to MTD? The ETFs below have the lowest correlation with MTD — they tend to move on their own, which can help reduce risk when MTD drops. The stock ideas table highlights individual companies that behave independently from MTD.
Best Diversifiers for MTD
0 ETFs have low correlation with MTD (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.30, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.30 | 0.36 | — | 60 | Nasdaq-100, Derivative Income | MTD vs JEPQ | |
| Vanguard S&P 500 ETF | 0.41 | 0.46 | 0.58 | 66 | S&P 500 | MTD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.46 | 0.58 | 65 | S&P 500 | MTD vs SPY | |
| State Street Health Care Select Sector SPDR ETF | 0.49 | 0.53 | 0.60 | 50 | Health & Biotech Equities | MTD vs XLV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTD and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.09, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.09 | 0.08 | 0.13 | 69 | Energy | |
| Walmart Inc. | -0.08 | 0.05 | 0.15 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.10 | 0.14 | 78 | Energy | |
| Chevron Corporation | -0.03 | 0.11 | 0.16 | 74 | Energy | |
| NIO Inc. | -0.00 | 0.16 | 0.24 | 56 | Consumer Cyclical |
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