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 0.33, 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 | 0.33 | 0.17 | — | 96 | Long-Short, Actively Managed | MVST vs CLSE | |
| First Trust RBA American Industrial Renaissance ET... | 0.37 | 0.37 | 0.36 | 69 | Building & Construction | MVST vs AIRR | |
| Invesco Semiconductors ETF | 0.38 | 0.29 | 0.33 | 91 | Semiconductors, Technology Equities | MVST vs PSI | |
| Invesco S&P 500 Momentum ETF | 0.40 | 0.26 | 0.26 | 51 | Momentum, S&P 500 | MVST vs SPMO | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.40 | 0.28 | 0.33 | 91 | Leveraged Equities, Semiconductors | MVST vs SOXL |
To view more results, upgrade your current subscription plan.
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 Progyny, Inc. (PGNY) (Healthcare) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Progyny, Inc. | -0.03 | 0.15 | 0.22 | 67 | Healthcare | |
| NextEra Energy, Inc. | 0.05 | 0.12 | 0.15 | 73 | Utilities | |
| Envista Holdings Corporation | 0.17 | 0.20 | 0.20 | 73 | Healthcare | |
| Howmet Aerospace Inc. | 0.19 | 0.16 | 0.20 | 84 | Industrials | |
| AppLovin Corporation | 0.31 | 0.22 | 0.27 | 56 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MVST
Add MVST to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MVST