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
119 ETFs have low correlation with MU (below 0.3), 19 of which are negatively correlated. The least correlated is Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) (Dividend) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin U.S. Low Volatility High Dividend Index E... | -0.19 | -0.03 | 0.11 | 54 | Dividend | MU vs LVHD | |
| iShares Core High Dividend ETF | -0.16 | 0.00 | 0.16 | 81 | Dividend, Large Cap Value Equities | MU vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.16 | 0.03 | 0.18 | 76 | Large Cap Value Equities, Dividend | MU vs FDL | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.13 | 0.22 | 67 | MLPs | MU vs MLPX | |
| Vanguard Short-Term Treasury ETF | -0.07 | -0.06 | -0.04 | 88 | Government Bonds, Short-Term Bond | MU vs VGSH |
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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 -0.38, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.38 | -0.15 | 0.02 | 86 | Financial Services | |
| Arch Capital Group Ltd. | -0.35 | -0.12 | 0.03 | 64 | Financial Services | |
| Waste Management, Inc. | -0.35 | -0.15 | -0.03 | 51 | Industrials | |
| Duke Energy Corporation | -0.31 | -0.23 | -0.13 | 67 | Utilities | |
| The Allstate Corporation | -0.29 | -0.10 | 0.04 | 81 | Financial Services |
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