Looking to diversify beyond MCHI? The ETFs below have the lowest correlation with MCHI — 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 MCHI.
Best Diversifiers for MCHI
410 ETFs have low correlation with MCHI (below 0.3), 36 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.32, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | MCHI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | MCHI vs WNTR | |
| ProShares UltraShort Yen | -0.16 | -0.15 | -0.11 | 75 | Leveraged Currency | MCHI vs YCS | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | 0.02 | 0.05 | 100 | Ultrashort Bond | MCHI vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.04 | 0.03 | 100 | Government Bonds, Ultrashort Bond | MCHI vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCHI and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.25, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.25 | -0.08 | 0.00 | 51 | Industrials | |
| Duke Energy Corporation | -0.18 | 0.01 | -0.00 | 63 | Utilities | |
| Altria Group, Inc. | -0.17 | 0.01 | 0.04 | 79 | Consumer Defensive | |
| Chubb Limited | -0.16 | -0.02 | 0.07 | 83 | Financial Services | |
| The Southern Company | -0.15 | 0.05 | 0.03 | 55 | Utilities |
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