Looking to diversify beyond MEMX? The ETFs below have historically moved differently from MEMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MEMX
243 ETFs have low correlation with MEMX (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.34 | — | 51 | Cryptocurrency | MEMX vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | — | — | 98 | Inflation-Protected Bonds | MEMX vs IBIC | |
| Invesco DB Energy Fund | -0.24 | -0.03 | — | 66 | Oil & Gas | MEMX vs DBE | |
| iShares U.S. Insurance ETF | -0.22 | 0.05 | 0.11 | 54 | Financials Equities | MEMX vs IAK | |
| Invesco DB Oil Fund | -0.21 | -0.01 | 0.05 | 51 | Oil & Gas | MEMX vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.27, roughly unchanged from 0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.27 | 0.32 | — | 93 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.42 | 0.50 | — | 98 | Technology | |
| Sandisk Corporation | 0.56 | — | — | 100 | Technology | |
| Coherent Corp. | 0.59 | 0.62 | — | 91 | Technology | |
| Teradyne, Inc. | 0.66 | 0.64 | — | 96 | Technology |
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