Looking to balance out your exposure to MTRX? The ETFs below have the lowest correlation with MTRX — they tend to move on their own, which can help reduce risk when MTRX drops. The stock ideas table highlights individual companies that behave independently from MTRX.
Best Diversifiers for MTRX
1 ETFs have low correlation with MTRX (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of 0.14, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | 0.14 | 0.28 | 0.35 | 53 | Energy Equities | MTRX vs EINC | |
| Xtrackers Semiconductor Select Equity ETF | 0.38 | — | — | 97 | Semiconductors, Technology Equities | MTRX vs CHPS |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTRX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.22 | 0.17 | 0.21 | 78 | Technology | |
| Kodiak Gas Services Inc. | 0.31 | — | — | 91 | Energy | |
| APi Group Corporation | 0.37 | 0.32 | 0.33 | 73 | Industrials |
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