Looking to balance out your exposure to MTUAY? The ETFs below have historically moved differently from MTUAY, 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 MTUAY
3 ETFs have low correlation with MTUAY (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.23, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.06 | 0.04 | 72 | Commodities | MTUAY vs PDBC | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.05 | -0.01 | 100 | Ultrashort Bond | MTUAY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.15 | 0.12 | 92 | Inflation-Protected Bonds | MTUAY vs VTIP | |
| iShares Core MSCI Emerging Markets ETF | 0.38 | 0.32 | 0.38 | 60 | Emerging Markets Equities | MTUAY vs IEMG | |
| Invesco S&P International Developed Low Volatility... | 0.40 | 0.37 | 0.44 | 66 | Low Volatility | MTUAY vs IDLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTUAY, 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 HCI Group, Inc. (HCI) (Financial Services) with a 1Y correlation of 0.07, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCI Group, Inc. | 0.07 | 0.13 | 0.17 | 66 | Financial Services | |
| Dave Inc. | 0.19 | 0.23 | 0.20 | 71 | Financial Services | |
| Encore Capital Group, Inc. | 0.25 | 0.20 | 0.21 | 99 | Financial Services | |
| Rocket Lab USA, Inc. | 0.26 | 0.30 | — | 62 | Industrials | |
| Amgen Inc. | 0.28 | 0.16 | 0.17 | 80 | Healthcare |
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