Looking to balance out your exposure to MTR? The ETFs below have the lowest correlation with MTR — they tend to move on their own, which can help reduce risk when MTR drops. The stock ideas table highlights individual companies that behave independently from MTR.
Best Diversifiers for MTR
2 ETFs have low correlation with MTR (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.08 | -0.05 | 0.01 | 73 | Nasdaq-100 | MTR vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.04 | -0.01 | 0.05 | 70 | S&P 500 | MTR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTR and solid risk/return profiles. The least correlated is Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of 0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Stone Minerals, L.P. | 0.11 | 0.15 | 0.24 | 54 | Energy | |
| Dorchester Minerals, L.P. | 0.18 | 0.15 | 0.23 | 52 | Energy | |
| Diamondback Energy, Inc. | 0.24 | 0.19 | 0.26 | 82 | Energy |
Build a portfolio that complements MTR
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