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), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.02 | — | 71 | Oil & Gas | MEMX vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.01 | 0.04 | 65 | Oil & Gas | MEMX vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | MEMX vs IBIC | |
| Invesco DB Oil Fund | -0.24 | 0.01 | — | 65 | Oil & Gas | MEMX vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | 0.08 | 0.12 | 72 | Commodities | MEMX vs GSG |
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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 0.26, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.26 | 0.34 | — | 86 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.35 | 0.47 | — | 99 | Technology | |
| Sandisk Corp | 0.45 | — | — | 100 | Technology | |
| Teradyne, Inc. | 0.58 | 0.63 | — | 98 | Technology | |
| Micron Technology, Inc. | 0.59 | 0.58 | — | 99 | Technology |
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