Looking to diversify beyond MCHS? The ETFs below have the lowest correlation with MCHS — 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 MCHS.
Best Diversifiers for MCHS
413 ETFs have low correlation with MCHS (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.24 | -0.24 | 57 | Cryptocurrency | MCHS vs BITI | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 96 | Inflation-Protected Bonds | MCHS vs IBID | |
| Invesco DB Energy Fund | -0.16 | — | — | 53 | Oil & Gas | MCHS vs DBE | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.15 | — | — | 100 | Ultrashort Bond | MCHS vs BILZ | |
| Fidelity MSCI Energy Index ETF | -0.11 | 0.07 | 0.07 | 51 | Energy Equities | MCHS vs FENY |
See all 1123 diversifiers for MCHS
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