Looking to balance out your exposure to MTUAY? The ETFs below have the lowest correlation with MTUAY — they tend to move on their own, which can help reduce risk when MTUAY drops. The stock ideas table highlights individual companies that behave independently from MTUAY.
Best Diversifiers for MTUAY
2 ETFs have low correlation with MTUAY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.05 | -0.00 | 100 | Ultrashort Bond | MTUAY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.17 | 0.12 | 83 | Inflation-Protected Bonds | MTUAY vs VTIP | |
| iShares Core MSCI Emerging Markets ETF | 0.39 | 0.33 | 0.38 | 64 | Emerging Markets Diversified | MTUAY vs IEMG | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.38 | 0.41 | 59 | S&P 500 | MTUAY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTUAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTUAY and solid risk/return profiles. The least correlated is HCI Group, Inc. (HCI) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCI Group, Inc. | 0.10 | 0.13 | 0.17 | 56 | Financial Services | |
| Dave Inc. | 0.21 | 0.23 | 0.20 | 63 | Technology | |
| Encore Capital Group, Inc. | 0.22 | 0.20 | 0.21 | 96 | Financial Services | |
| Amgen Inc. | 0.28 | 0.15 | 0.17 | 74 | Healthcare | |
| MYR Group Inc. | 0.30 | 0.25 | 0.28 | 97 | Industrials |
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