Looking to balance out your exposure to MTSI? The ETFs below have the lowest correlation with MTSI — they tend to move on their own, which can help reduce risk when MTSI drops. The stock ideas table highlights individual companies that behave independently from MTSI.
Best Diversifiers for MTSI
0 ETFs have low correlation with MTSI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.49, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.57 | 0.63 | 66 | S&P 500 | MTSI vs SPY | |
| Vanguard S&P 500 ETF | 0.49 | 0.57 | 0.63 | 67 | S&P 500 | MTSI vs VOO | |
| Invesco QQQ ETF | 0.55 | 0.62 | 0.67 | 61 | Nasdaq-100 | MTSI vs QQQ | |
| VanEck Semiconductor ETF | 0.67 | 0.69 | 0.75 | 93 | Semiconductors, Technology Equities | MTSI vs SMH | |
| Invesco Dorsey Wright Technology Momentum ETF | 0.70 | 0.71 | 0.75 | 63 | Momentum, Technology Equities | MTSI vs PTF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTSI and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.10 | 0.05 | 0.13 | 66 | Energy | |
| The New York Times Company | -0.04 | 0.14 | 0.29 | 77 | Communication Services | |
| Bristol-Myers Squibb Company | -0.02 | -0.02 | 0.01 | 74 | Healthcare | |
| Gilead Sciences, Inc. | -0.02 | 0.03 | 0.10 | 65 | Healthcare | |
| Evergy, Inc. | -0.00 | -0.01 | 0.07 | 90 | Utilities |
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Build a portfolio that complements MTSI
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