Looking to balance out your exposure to MTRN? The ETFs below have historically moved differently from MTRN, 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 MTRN
0 ETFs have low correlation with MTRN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.50, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.50 | 0.48 | 0.49 | 55 | Nasdaq-100 | MTRN vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.53 | 0.55 | 0.56 | 72 | S&P 500 | MTRN vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTRN, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.14, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.14 | 0.14 | 0.15 | 77 | Healthcare | |
| NVIDIA Corporation | 0.22 | 0.23 | 0.32 | 59 | Technology | |
| Apple Inc | 0.23 | 0.21 | 0.29 | 90 | Technology | |
| Century Aluminum Company | 0.30 | 0.35 | 0.41 | 87 | Basic Materials | |
| Lynas Rare Earths Ltd ADR | 0.30 | 0.28 | 0.30 | 63 | Basic Materials |
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