Looking to balance out your exposure to MTDR? The ETFs below have the lowest correlation with MTDR — they tend to move on their own, which can help reduce risk when MTDR drops. The stock ideas table highlights individual companies that behave independently from MTDR.
Best Diversifiers for MTDR
6 ETFs have low correlation with MTDR (below 0.3), 4 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.10, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.10 | 0.15 | 0.29 | 59 | S&P 500 | MTDR vs VOO | |
| State Street SPDR S&P 500 ETF | -0.09 | 0.15 | 0.29 | 59 | S&P 500 | MTDR vs SPY | |
| Nomura Focused Emerging Markets Equity ETF | -0.07 | — | — | 94 | Emerging Markets Diversified | MTDR vs EMEQ | |
| Franklin FTSE South Korea ETF | -0.03 | 0.08 | 0.19 | 92 | Asia Pacific Equities | MTDR vs FLKR | |
| iShares Semiconductor ETF | 0.01 | 0.15 | 0.25 | 95 | Semiconductors, Technology Equities | MTDR vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTDR and solid risk/return profiles. The least correlated is Ituran Location and Control Ltd. (ITRN) (Technology) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ituran Location and Control Ltd. | -0.07 | 0.11 | 0.17 | 91 | Technology | |
| American Superconductor Corporation | -0.04 | 0.14 | 0.21 | 55 | Industrials | |
| DHT Holdings, Inc. | 0.00 | 0.21 | 0.28 | 92 | Energy | |
| Frontline Ltd. | 0.04 | 0.23 | 0.30 | 95 | Energy | |
| Ambarella, Inc. | 0.05 | 0.18 | 0.24 | 56 | Technology |
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