Looking to balance out your exposure to MVST? The ETFs below have the lowest correlation with MVST — they tend to move on their own, which can help reduce risk when MVST drops. The stock ideas table highlights individual companies that behave independently from MVST.
Best Diversifiers for MVST
0 ETFs have low correlation with MVST (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.34, up from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.34 | 0.17 | — | 95 | Long-Short | MVST vs CLSE | |
| First Trust RBA American Industrial Renaissance ET... | 0.38 | 0.37 | 0.36 | 78 | Building & Construction | MVST vs AIRR | |
| Invesco Semiconductors ETF | 0.38 | 0.28 | 0.33 | 96 | Semiconductors, Technology Equities | MVST vs PSI | |
| Invesco S&P 500 Momentum ETF | 0.38 | 0.24 | 0.25 | 75 | Momentum, S&P 500 | MVST vs SPMO | |
| VanEck Semiconductor ETF | 0.39 | 0.24 | 0.30 | 96 | Semiconductors, Technology Equities | MVST vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MVST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MVST and solid risk/return profiles. The least correlated is ASA Gold and Precious Metals Limited (ASA) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASA Gold and Precious Metals Limited | 0.18 | 0.12 | 0.13 | 79 | Financial Services | |
| Howmet Aerospace Inc. | 0.19 | 0.17 | 0.20 | 79 | Industrials | |
| Envista Holdings Corporation | 0.24 | 0.21 | 0.21 | 57 | Healthcare | |
| AppLovin Corporation | 0.25 | 0.21 | 0.26 | 59 | Technology | |
| Unusual Machines, Inc | 0.29 | 0.22 | 0.22 | 90 | Technology |
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Build a portfolio that complements MVST
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