Looking to balance out your exposure to MTX? The ETFs below have the lowest correlation with MTX — they tend to move on their own, which can help reduce risk when MTX drops. The stock ideas table highlights individual companies that behave independently from MTX.
Best Diversifiers for MTX
0 ETFs have low correlation with MTX (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 0.35, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.46 | 0.54 | 70 | S&P 500 | MTX vs SPY |
Diversification Analysis
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