Looking to diversify beyond MEXX? The ETFs below have the lowest correlation with MEXX — 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 MEXX.
Best Diversifiers for MEXX
390 ETFs have low correlation with MEXX (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.16 | -0.14 | 61 | Leveraged Currency | MEXX vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.29 | — | — | 98 | Inflation-Protected Bonds | MEXX vs IBIC | |
| United States Brent Oil Fund LP | -0.23 | 0.03 | 0.11 | 65 | Oil & Gas | MEXX vs BNO | |
| Invesco DB Energy Fund | -0.22 | 0.03 | 0.12 | 71 | Oil & Gas | MEXX vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.21 | 0.03 | 0.03 | 56 | Derivative Income | MEXX vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEXX and solid risk/return profiles. The least correlated is Nucor Corporation (NUE) (Basic Materials) with a 1Y correlation of 0.28, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nucor Corporation | 0.28 | 0.25 | 0.33 | 95 | Basic Materials |
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