Looking to balance out your exposure to MTZ? The ETFs below have the lowest correlation with MTZ — they tend to move on their own, which can help reduce risk when MTZ drops. The stock ideas table highlights individual companies that behave independently from MTZ.
Best Diversifiers for MTZ
1 ETFs have low correlation with MTZ (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.29, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.29 | 0.36 | 0.38 | 52 | Gold | MTZ vs GDE | |
| Invesco QQQ ETF | 0.48 | 0.49 | 0.50 | 74 | Nasdaq-100 | MTZ vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.54 | 0.57 | 74 | S&P 500 | MTZ vs SPY | |
| Vanguard S&P 500 ETF | 0.50 | 0.54 | 0.56 | 74 | S&P 500 | MTZ vs VOO | |
| VanEck Semiconductor ETF | 0.51 | 0.51 | 0.53 | 96 | Semiconductors, Technology Equities | MTZ vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTZ and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.05 | 0.20 | 86 | Energy | |
| Chevron Corporation | -0.07 | 0.07 | 0.23 | 84 | Energy | |
| Duke Energy Corporation | -0.06 | -0.00 | 0.06 | 53 | Utilities | |
| Johnson & Johnson | -0.02 | -0.03 | 0.02 | 94 | Healthcare | |
| Guardant Health, Inc. | 0.04 | 0.24 | 0.27 | 93 | Healthcare |
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Build a portfolio that complements MTZ
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