Looking to balance out your exposure to MVIS? The ETFs below have historically moved differently from MVIS, 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 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 0.36, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.36 | 0.35 | 0.43 | 87 | Semiconductors, Technology Equities | MVIS vs SMH | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.41 | 0.47 | 67 | S&P 500 | MVIS vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.41 | 0.47 | 68 | S&P 500 | MVIS vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MVIS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.01, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.01 | 0.08 | 0.16 | 77 | Utilities | |
| Pathward Financial, Inc. | 0.12 | 0.24 | 0.30 | 61 | Financial Services | |
| Fortuna Silver Mines Inc. | 0.18 | 0.17 | 0.22 | 62 | Basic Materials | |
| Apple Inc | 0.19 | 0.18 | 0.30 | 89 | Technology | |
| Pan American Silver Corp. | 0.20 | 0.17 | 0.22 | 75 | Basic Materials |
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