Looking to diversify beyond MISL? The ETFs below have the lowest correlation with MISL — 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 MISL.
Best Diversifiers for MISL
296 ETFs have low correlation with MISL (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.00 | 0.01 | 61 | Leveraged Currency | MISL vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | 0.06 | 0.06 | 99 | Ultrashort Bond | MISL vs CSHP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.07 | — | 100 | Government Bonds, Ultrashort Bond | MISL vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | — | 100 | Government Bonds, Ultrashort Bond | MISL vs USFR | |
| SGI Enhanced Core ETF | -0.11 | -0.05 | -0.05 | 95 | Intermediate Core Bond | MISL vs USDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MISL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MISL and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.03 | 0.08 | — | 95 | Healthcare | |
| XPLR Infrastructure LP | 0.21 | 0.24 | — | 73 | Utilities | |
| Micron Technology, Inc. | 0.25 | 0.28 | 0.29 | 99 | Technology | |
| Rolls-Royce Holdings plc | 0.50 | 0.44 | 0.43 | 80 | Industrials | |
| General Electric Company | 0.59 | 0.56 | — | 80 | Industrials |
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