Looking to balance out your exposure to MUFG? The ETFs below have the lowest correlation with MUFG — they tend to move on their own, which can help reduce risk when MUFG drops. The stock ideas table highlights individual companies that behave independently from MUFG.
Best Diversifiers for MUFG
0 ETFs have low correlation with MUFG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.34 | 0.34 | 64 | Nasdaq-100 | MUFG vs QQQ | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.33 | 0.30 | 0.33 | 55 | High Yield Bonds | MUFG vs HYG | |
| iShares MSCI Taiwan ETF | 0.37 | 0.36 | 0.38 | 94 | Asia Pacific Equities | MUFG vs EWT | |
| Vanguard S&P 500 ETF | 0.39 | 0.37 | 0.41 | 63 | S&P 500 | MUFG vs VOO | |
| Vanguard Total Stock Market ETF | 0.40 | 0.39 | 0.42 | 64 | Large Cap Blend Equities | MUFG vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MUFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MUFG and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.03 | 0.12 | 0.19 | 69 | Energy | |
| RenaissanceRe Holdings Ltd. | -0.02 | 0.13 | 0.17 | 77 | Financial Services | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.14 | 0.20 | 76 | Energy | |
| Palo Alto Networks, Inc. | 0.06 | 0.15 | 0.18 | 71 | Technology | |
| The Allstate Corporation | 0.07 | 0.13 | 0.27 | 73 | Financial Services |
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