Looking to diversify beyond MYCO? The ETFs below have the lowest correlation with MYCO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MYCO.
Best Diversifiers for MYCO
0 ETFs have low correlation with MYCO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.41, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.41 | 0.41 | 67 | S&P 500 | MYCO vs SPY | |
| iShares Interest Rate Hedged Corporate Bond ETF | 0.44 | 0.44 | 0.44 | 83 | Corporate Bonds | MYCO vs LQDH |
Diversification Analysis
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