Looking to balance out your exposure to MTH? The ETFs below have historically moved differently from MTH, 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 MTH
0 ETFs have low correlation with MTH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.44 | 0.50 | 68 | S&P 500 | MTH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.43 | 0.50 | 67 | S&P 500 | MTH vs SPY | |
| iShares Russell 2000 ETF | 0.50 | 0.60 | 0.61 | 79 | Small Cap Blend Equities | MTH vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTH, 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 Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.15 | 0.07 | 0.14 | 94 | Energy | |
| Marathon Petroleum Corporation | -0.02 | 0.16 | 0.20 | 95 | Energy | |
| Peabody Energy Corporation | 0.02 | 0.10 | 0.12 | 62 | Energy | |
| Alliance Resource Partners, L.P. | 0.06 | 0.09 | 0.13 | 54 | Energy | |
| Warrior Met Coal, Inc. | 0.11 | 0.22 | 0.20 | 76 | Basic Materials |
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