Looking to diversify beyond MTUM? The ETFs below have the lowest correlation with MTUM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MTUM.
Best Diversifiers for MTUM
359 ETFs have low correlation with MTUM (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.34 | 57 | Cryptocurrency | MTUM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MTUM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | MTUM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | MTUM vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.18 | -0.25 | 51 | Currency | MTUM vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTUM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTUM and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.28, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.28 | 0.02 | 0.20 | 53 | Industrials | |
| Duke Energy Corporation | -0.26 | -0.11 | 0.04 | 66 | Utilities | |
| Verizon Communications Inc. | -0.26 | -0.09 | 0.06 | 57 | Communication Services | |
| Chubb Limited | -0.26 | 0.01 | 0.22 | 86 | Financial Services | |
| PepsiCo, Inc. | -0.23 | -0.05 | 0.12 | 53 | Consumer Defensive |
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