Looking to diversify beyond MISL? The ETFs below have historically moved differently from MISL, 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 MISL
407 ETFs have low correlation with MISL (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | MISL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | — | 61 | Cryptocurrency | MISL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MISL vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 75 | Derivative Income | MISL vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 98 | Inflation-Protected Bonds | MISL vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MISL, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.05 | 0.07 | 0.12 | 97 | Healthcare | |
| Micron Technology, Inc. | 0.27 | 0.28 | 0.28 | 99 | Technology | |
| Broadcom Inc. | 0.28 | 0.30 | 0.32 | 67 | Technology | |
| XPLR Infrastructure LP | 0.28 | 0.24 | — | 66 | Utilities | |
| Rolls-Royce Holdings plc | 0.50 | 0.45 | 0.43 | 76 | Industrials |
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