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
0 ETFs have low correlation with MVIS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.32, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.32 | 0.35 | 0.43 | 92 | Semiconductors, Technology Equities | MVIS vs SMH | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.41 | 0.47 | 66 | S&P 500 | MVIS vs SPY | |
| Vanguard S&P 500 ETF | 0.40 | 0.41 | 0.47 | 66 | S&P 500 | MVIS vs VOO |
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 -0.11, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | -0.11 | -0.05 | -0.01 | 58 | Utilities | |
| NextEra Energy, Inc. | 0.04 | 0.10 | 0.16 | 73 | Utilities | |
| Fortuna Silver Mines Inc. | 0.16 | 0.17 | 0.22 | 57 | Basic Materials | |
| Meta Financial Group, Inc. | 0.16 | 0.25 | 0.31 | 55 | Financial Services | |
| Pan American Silver Corp. | 0.17 | 0.18 | 0.22 | 68 | Basic Materials |
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