Looking to balance out your exposure to MVO? The ETFs below have the lowest correlation with MVO — they tend to move on their own, which can help reduce risk when MVO drops. The stock ideas table highlights individual companies that behave independently from MVO.
Best Diversifiers for MVO
3 ETFs have low correlation with MVO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of -0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | -0.04 | 0.02 | 0.06 | 88 | Nasdaq-100, Derivative Income | MVO vs QYLD | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.07 | 0.12 | 70 | S&P 500 | MVO vs SPY | |
| Vanguard S&P 500 ETF | 0.03 | 0.07 | 0.12 | 70 | S&P 500 | MVO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MVO and solid risk/return profiles. The least correlated is Helix Energy Solutions Group, Inc. (HLX) (Energy) with a 1Y correlation of 0.15, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Helix Energy Solutions Group, Inc. | 0.15 | 0.22 | 0.28 | 68 | Energy |
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