Looking to balance out your exposure to MVIS? The ETFs below have the lowest correlation with MVIS — they tend to move on their own, which can help reduce risk when MVIS drops. The stock ideas table highlights individual companies that behave independently from MVIS.
Best Diversifiers for MVIS
1 ETFs have low correlation with MVIS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.25 | 0.32 | 0.37 | 80 | Rare Earth & Strategic Metals | MVIS vs REMX | |
| VanEck Semiconductor ETF | 0.30 | 0.35 | 0.43 | 94 | Semiconductors, Technology Equities | MVIS vs SMH | |
| Vanguard S&P 500 ETF | 0.40 | 0.41 | 0.47 | 59 | S&P 500 | MVIS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.41 | 0.47 | 59 | S&P 500 | MVIS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MVIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MVIS and solid risk/return profiles. The least correlated is The Southern Company (SO) (Utilities) with a 1Y correlation of -0.07, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | -0.07 | -0.03 | 0.00 | 55 | Utilities | |
| Fortuna Silver Mines Inc. | 0.16 | 0.19 | 0.22 | 58 | Basic Materials | |
| Arista Networks, Inc. | 0.17 | 0.23 | 0.31 | 79 | Technology | |
| Meta Financial Group, Inc. | 0.17 | 0.25 | 0.31 | 53 | Financial Services | |
| Pan American Silver Corp. | 0.18 | 0.19 | 0.22 | 72 | Basic Materials |
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