Looking to balance out your exposure to MYE? The ETFs below have the lowest correlation with MYE — they tend to move on their own, which can help reduce risk when MYE drops. The stock ideas table highlights individual companies that behave independently from MYE.
Best Diversifiers for MYE
0 ETFs have low correlation with MYE (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 0.52, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.52 | 0.44 | 0.47 | 70 | S&P 500 | MYE vs SPY |
Diversification Analysis
Build a portfolio that complements MYE
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