Looking to diversify beyond MUD? The ETFs below have historically moved differently from MUD, 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 MUD
1199 ETFs have low correlation with MUD (below 0.3), 1127 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco AI and Next Gen Software ETF | -0.81 | — | — | 83 | Artificial Intelligence, Technology Equities | MUD vs IGPT | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.79 | — | — | 89 | Artificial Intelligence, Technology Equities | MUD vs AIS | |
| First Trust Nasdaq Semiconductor ETF | -0.78 | — | — | 91 | Semiconductors, Technology Equities | MUD vs FTXL | |
| Xtrackers Semiconductor Select Equity ETF | -0.77 | — | — | 93 | Semiconductors, Technology Equities | MUD vs CHPS | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.76 | — | — | 91 | Leveraged Equities, Semiconductors | MUD vs SOXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MUD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -1.00 | — | — | 99 | Technology | |
| Lumentum Holdings Inc. | -0.51 | — | — | 99 | Technology | |
| Tower Semiconductor Ltd | -0.50 | — | — | 98 | Technology | |
| Navitas Semiconductor Corporation | -0.41 | -0.42 | -0.42 | 64 | Technology | |
| Lightwave Logic, Inc. | -0.37 | -0.32 | -0.32 | 89 | Basic Materials |
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