Looking to balance out your exposure to MTLS? The ETFs below have the lowest correlation with MTLS — they tend to move on their own, which can help reduce risk when MTLS drops. The stock ideas table highlights individual companies that behave independently from MTLS.
Best Diversifiers for MTLS
0 ETFs have low correlation with MTLS (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 0.40, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.36 | 0.47 | 70 | S&P 500 | MTLS vs VOO |
Diversification Analysis
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