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
361 ETFs have low correlation with MISL (below 0.3), 47 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | MISL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | -0.29 | 57 | Cryptocurrency | MISL vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | MISL vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MISL vs SBIT | |
| Direxion Daily MU Bull 2X Shares | -0.27 | -0.27 | -0.27 | 99 | Leveraged Equities, Semiconductors | MISL vs MUU |
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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 0.04, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.04 | 0.07 | — | 97 | Healthcare | |
| XPLR Infrastructure LP | 0.23 | 0.23 | — | 70 | Utilities | |
| Micron Technology, Inc. | 0.24 | 0.27 | 0.27 | 99 | Technology | |
| Rigetti Computing Inc | 0.48 | 0.35 | — | 57 | Technology | |
| Rolls-Royce Holdings plc | 0.50 | 0.44 | 0.43 | 77 | Industrials |
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