Looking to diversify beyond MKOR? The ETFs below have the lowest correlation with MKOR — 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 MKOR.
Best Diversifiers for MKOR
372 ETFs have low correlation with MKOR (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.31 | — | 52 | Cryptocurrency | MKOR vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 70 | Inverse Equities, Leveraged Equities | MKOR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.37 | -0.37 | 73 | Derivative Income | MKOR vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.19 | — | 73 | Leveraged Currency | MKOR vs YCS | |
| Invesco DB Energy Fund | -0.19 | -0.04 | -0.04 | 57 | Oil & Gas | MKOR vs DBE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MKOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MKOR and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.01 | 0.01 | 78 | Energy | |
| L3Harris Technologies, Inc. | 0.09 | 0.08 | 0.08 | 54 | Industrials | |
| BW LPG Limited | 0.12 | — | — | 88 | Industrials | |
| RTX Corporation | 0.14 | 0.11 | 0.11 | 77 | Industrials | |
| Hafnia Limited | 0.18 | — | — | 82 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MKOR
Add MKOR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MKOR