Looking to balance out your exposure to MTDR? The ETFs below have historically moved differently from MTDR, 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 MTDR
9 ETFs have low correlation with MTDR (below 0.3), 7 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.13, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.13 | 0.13 | 0.28 | 78 | S&P 500 | MTDR vs SPY | |
| Vanguard S&P 500 ETF | -0.11 | 0.13 | 0.28 | 78 | S&P 500 | MTDR vs VOO | |
| Nomura Focused Emerging Markets Equity ETF | -0.07 | — | — | 92 | Emerging Markets Equities | MTDR vs EMEQ | |
| Global X Lithium & Battery Tech ETF | -0.07 | 0.16 | 0.26 | 77 | Lithium & Battery Metals | MTDR vs LIT | |
| Franklin FTSE South Korea ETF | -0.07 | 0.05 | 0.18 | 88 | South Korea Equities, Asia Pacific Equities | MTDR vs FLKR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTDR, 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 Tenet Healthcare Corporation (THC) (Healthcare) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenet Healthcare Corporation | -0.18 | 0.07 | 0.17 | 79 | Healthcare | |
| Toll Brothers, Inc. | -0.14 | 0.12 | 0.20 | 66 | Consumer Cyclical | |
| Synchrony Financial | -0.13 | 0.18 | 0.29 | 59 | Financial Services | |
| Ituran Location and Control Ltd. | -0.12 | 0.09 | 0.16 | 83 | Technology | |
| General Motors Company | -0.11 | 0.17 | 0.26 | 92 | Consumer Cyclical |
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