Looking to balance out your exposure to MTEK? The ETFs below have the lowest correlation with MTEK — they tend to move on their own, which can help reduce risk when MTEK drops. The stock ideas table highlights individual companies that behave independently from MTEK.
Best Diversifiers for MTEK
0 ETFs have low correlation with MTEK (below 0.3), 0 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 0.35, up from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.24 | — | 70 | S&P 500 | MTEK vs SPY |
Diversification Analysis
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