Looking to balance out your exposure to MTN? The ETFs below have the lowest correlation with MTN — they tend to move on their own, which can help reduce risk when MTN drops. The stock ideas table highlights individual companies that behave independently from MTN.
Best Diversifiers for MTN
6 ETFs have low correlation with MTN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.11, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.11 | 0.25 | 0.40 | 73 | Nasdaq-100 | MTN vs QQQ | |
| Invesco Russell 1000 Dynamic Multifactor ETF | 0.19 | 0.36 | 0.45 | 57 | Large Cap Blend Equities | MTN vs OMFL | |
| Vanguard S&P 500 ETF | 0.21 | 0.36 | 0.47 | 70 | S&P 500 | MTN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.36 | 0.47 | 70 | S&P 500 | MTN vs SPY | |
| Vanguard Total International Stock ETF | 0.23 | 0.35 | 0.43 | 60 | Global Equities | MTN vs VXUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTN and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.03 | 0.14 | 0.26 | 99 | Technology | |
| Uranium Energy Corp. | 0.07 | 0.14 | 0.20 | 79 | Energy | |
| Jabil Inc. | 0.08 | 0.22 | 0.34 | 92 | Technology | |
| Vale S.A. | 0.15 | 0.23 | 0.22 | 90 | Basic Materials | |
| W. P. Carey Inc. | 0.17 | 0.24 | 0.25 | 79 | Real Estate |
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Build a portfolio that complements MTN
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