Looking to balance out your exposure to MTSI? The ETFs below have historically moved differently from MTSI, 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 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 0.50, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.50 | 0.58 | 0.63 | 78 | S&P 500 | MTSI vs SPY | |
| Vanguard S&P 500 ETF | 0.50 | 0.57 | 0.63 | 78 | S&P 500 | MTSI vs VOO | |
| Invesco QQQ ETF | 0.58 | 0.63 | 0.68 | 58 | Nasdaq-100 | MTSI vs QQQ | |
| VanEck Semiconductor ETF | 0.70 | 0.70 | 0.75 | 88 | Semiconductors, Technology Equities | MTSI vs SMH | |
| iShares Semiconductor ETF | 0.73 | 0.73 | 0.77 | 90 | Semiconductors, Technology Equities | MTSI vs SOXX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTSI, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.10 | 0.03 | 0.12 | 73 | Energy | |
| The New York Times Company | -0.07 | 0.13 | 0.28 | 84 | Communication Services | |
| Global Payments Inc. | -0.07 | 0.14 | 0.27 | 53 | Industrials | |
| Bristol-Myers Squibb Company | -0.06 | -0.03 | -0.00 | 91 | Healthcare | |
| The TJX Companies, Inc. | -0.05 | 0.11 | 0.26 | 81 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MTSI
Add MTSI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MTSI