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 0.44, 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 | 0.44 | 0.56 | 0.63 | 70 | S&P 500 | MTSI vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.56 | 0.63 | 70 | S&P 500 | MTSI vs VOO | |
| VanEck Semiconductor ETF | 0.61 | 0.68 | 0.74 | 96 | Semiconductors, Technology Equities | MTSI vs SMH | |
| Invesco Semiconductors ETF | 0.71 | 0.76 | 0.80 | 96 | Semiconductors, Technology Equities | MTSI vs PSI |
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 Liquidia Corporation (LQDA) (Healthcare) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Liquidia Corporation | -0.01 | 0.11 | 0.19 | 93 | Healthcare | |
| The New York Times Company | 0.05 | 0.18 | 0.31 | 78 | Communication Services | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.06 | 0.17 | 0.21 | 68 | Energy | |
| Reddit, Inc. | 0.06 | 0.27 | 0.27 | 62 | Communication Services | |
| Walmart Inc. | 0.06 | 0.11 | 0.13 | 63 | Consumer Defensive |
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