Looking to diversify beyond MEMX? The ETFs below have the lowest correlation with MEMX — 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 MEMX.
Best Diversifiers for MEMX
210 ETFs have low correlation with MEMX (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | -0.33 | 57 | Cryptocurrency | MEMX vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | MEMX vs IBIC | |
| Invesco DB Energy Fund | -0.23 | -0.02 | 0.04 | 53 | Oil & Gas | MEMX vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 96 | Inflation-Protected Bonds | MEMX vs IBID | |
| Global X 1-3 Month T-Bill ETF | -0.14 | -0.02 | — | 100 | Ultrashort Bond | MEMX vs CLIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEMX and solid risk/return profiles. The least correlated is Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.25, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.25 | 0.31 | 0.33 | 89 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.38 | 0.48 | — | 99 | Technology | |
| Sandisk Corporation | 0.52 | 0.47 | — | 100 | Technology | |
| Coherent Corp. | 0.55 | 0.60 | 0.60 | 95 | Technology | |
| Teradyne, Inc. | 0.61 | 0.64 | 0.64 | 96 | Technology |
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