Looking to balance out your exposure to MU? The ETFs below have the lowest correlation with MU — they tend to move on their own, which can help reduce risk when MU drops. The stock ideas table highlights individual companies that behave independently from MU.
Best Diversifiers for MU
128 ETFs have low correlation with MU (below 0.3), 21 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.11 | 0.05 | 0.07 | 66 | Oil & Gas | MU vs USO | |
| iShares Core High Dividend ETF | -0.10 | 0.03 | 0.19 | 64 | Dividend, Large Cap Value Equities | MU vs HDV | |
| State Street Energy Select Sector SPDR ETF | -0.07 | 0.09 | 0.17 | 63 | Energy Equities | MU vs XLE | |
| Vanguard Short-Term Treasury ETF | -0.07 | -0.06 | -0.04 | 83 | Government Bonds, Short-Term Bond | MU vs VGSH | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.07 | 0.06 | 0.06 | 58 | Leveraged Equities | MU vs NRGU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MU and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.31, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.31 | -0.12 | 0.05 | 51 | Financial Services | |
| Duke Energy Corporation | -0.27 | -0.21 | -0.11 | 53 | Utilities | |
| Cboe Global Markets, Inc. | -0.23 | -0.22 | -0.04 | 68 | Financial Services | |
| Altria Group, Inc. | -0.22 | -0.14 | -0.04 | 69 | Consumer Defensive | |
| The Travelers Companies, Inc. | -0.18 | -0.06 | 0.06 | 51 | Financial Services |
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