Looking to balance out your exposure to MYO? The ETFs below have the lowest correlation with MYO — they tend to move on their own, which can help reduce risk when MYO drops. The stock ideas table highlights individual companies that behave independently from MYO.
Best Diversifiers for MYO
0 ETFs have low correlation with MYO (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 0.32, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.34 | 0.29 | 70 | S&P 500 | MYO vs SPY |
Diversification Analysis
Build a portfolio that complements MYO
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