Looking to diversify beyond MEXX? The ETFs below have historically moved differently from MEXX, 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 MEXX
416 ETFs have low correlation with MEXX (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.26 | — | 51 | Cryptocurrency | MEXX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 69 | Derivative Income | MEXX vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.15 | -0.14 | 59 | Leveraged Currency | MEXX vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | MEXX vs IBIC | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.24 | -0.15 | -0.10 | 51 | Nontraditional Bonds | MEXX vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEXX, 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 Nucor Corporation (NUE) (Basic Materials) with a 1Y correlation of 0.31, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nucor Corporation | 0.31 | 0.26 | 0.33 | 95 | Basic Materials |
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