Looking to diversify beyond MTUM? The ETFs below have historically moved differently from MTUM, 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 MTUM
453 ETFs have low correlation with MTUM (below 0.3), 95 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | — | 61 | Cryptocurrency | MTUM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MTUM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | MTUM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | MTUM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.06 | — | 56 | Options Trading | MTUM vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTUM, 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 PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.30, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.30 | -0.08 | 0.10 | 50 | Consumer Defensive | |
| Verizon Communications Inc. | -0.29 | -0.10 | 0.05 | 66 | Communication Services | |
| Duke Energy Corporation | -0.29 | -0.12 | 0.03 | 56 | Utilities | |
| Chubb Limited | -0.28 | 0.01 | 0.21 | 89 | Financial Services | |
| Altria Group, Inc. | -0.28 | -0.09 | 0.06 | 66 | Consumer Defensive |
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