Looking to balance out your exposure to MTH? The ETFs below have the lowest correlation with MTH — they tend to move on their own, which can help reduce risk when MTH drops. The stock ideas table highlights individual companies that behave independently from MTH.
Best Diversifiers for MTH
1 ETFs have low correlation with MTH (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.32 | 0.41 | 58 | Nasdaq-100 | MTH vs QQQ | |
| Vanguard S&P 500 ETF | 0.32 | 0.44 | 0.50 | 66 | S&P 500 | MTH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.44 | 0.50 | 66 | S&P 500 | MTH vs SPY | |
| iShares Russell 2000 ETF | 0.51 | 0.60 | 0.61 | 69 | Small Cap Blend Equities | MTH vs IWM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTH and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.06 | 0.10 | 0.15 | 89 | Energy | |
| Marathon Petroleum Corporation | 0.02 | 0.17 | 0.21 | 90 | Energy | |
| Peabody Energy Corporation | 0.06 | 0.10 | 0.13 | 72 | Energy | |
| Banco BBVA Argentina S.A. | 0.13 | 0.19 | 0.22 | 65 | Financial Services | |
| Banco Macro S.A. | 0.13 | 0.19 | 0.21 | 69 | Financial Services |
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