Looking to balance out your exposure to MUX? The ETFs below have the lowest correlation with MUX — they tend to move on their own, which can help reduce risk when MUX drops. The stock ideas table highlights individual companies that behave independently from MUX.
Best Diversifiers for MUX
0 ETFs have low correlation with MUX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.31 | 0.28 | 59 | S&P 500 | MUX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.31 | 0.28 | 59 | S&P 500 | MUX vs SPY | |
| Global X Copper Miners ETF | 0.63 | 0.59 | 0.55 | 60 | Copper | MUX vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MUX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.24, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.24 | 0.23 | 0.21 | 72 | Technology | |
| Amprius Technologies Inc. | 0.30 | 0.19 | — | 91 | Industrials | |
| Albemarle Corporation | 0.30 | 0.26 | 0.25 | 91 | Basic Materials | |
| Northern Dynasty Minerals Ltd. | 0.45 | 0.34 | 0.32 | 61 | Basic Materials | |
| Sprott Inc | 0.64 | 0.56 | 0.53 | 81 | Financial Services |
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