Looking to balance out your exposure to MZDAY? The ETFs below have the lowest correlation with MZDAY — they tend to move on their own, which can help reduce risk when MZDAY drops. The stock ideas table highlights individual companies that behave independently from MZDAY.
Best Diversifiers for MZDAY
0 ETFs have low correlation with MZDAY (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 0.38, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.33 | 0.34 | 74 | S&P 500 | MZDAY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MZDAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MZDAY and solid risk/return profiles. The least correlated is Ford Motor Company (F) (Consumer Cyclical) with a 1Y correlation of 0.31, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ford Motor Company | 0.31 | 0.23 | 0.29 | 81 | Consumer Cyclical |
Build a portfolio that complements MZDAY
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