Looking to balance out your exposure to MYTAY? The ETFs below have the lowest correlation with MYTAY — they tend to move on their own, which can help reduce risk when MYTAY drops. The stock ideas table highlights individual companies that behave independently from MYTAY.
No Diversifiers Found for MYTAY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MYTAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MYTAY and solid risk/return profiles. The least correlated is Singapore Technologies Engineering Ltd ADR (SGGKY) (Industrials) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Singapore Technologies Engineering Ltd ADR | -0.10 | -0.08 | -0.01 | 76 | Industrials | |
| The Ensign Group, Inc. | -0.03 | 0.04 | -0.00 | 52 | Healthcare | |
| Asseco Poland SA ADR | -0.02 | 0.01 | 0.01 | 59 | Technology | |
| Applied Industrial Technologies, Inc. | -0.02 | 0.08 | 0.10 | 78 | Industrials | |
| Installed Building Products, Inc. | 0.00 | 0.06 | 0.08 | 55 | Industrials |
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