Looking to balance out your exposure to MKSI? The ETFs below have the lowest correlation with MKSI — they tend to move on their own, which can help reduce risk when MKSI drops. The stock ideas table highlights individual companies that behave independently from MKSI.
Best Diversifiers for MKSI
2 ETFs have low correlation with MKSI (below 0.3), 1 of which are negatively correlated. The least correlated is Breakwave Dry Bulk Shipping ETF (BDRY) (Commodities) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.02 | 0.01 | 0.03 | 68 | Commodities | MKSI vs BDRY | |
| Breakwave Tanker Shipping ETF | 0.03 | 0.02 | — | 99 | Commodities | MKSI vs BWET | |
| Vanguard S&P 500 ETF | 0.56 | 0.65 | 0.68 | 66 | S&P 500 | MKSI vs VOO | |
| Invesco QQQ ETF | 0.62 | 0.69 | 0.71 | 53 | Nasdaq-100 | MKSI vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MKSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MKSI and solid risk/return profiles. The least correlated is RTX Corporation (RTX) (Industrials) with a 1Y correlation of 0.12, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RTX Corporation | 0.12 | 0.12 | 0.22 | 77 | Industrials | |
| Apple Inc | 0.17 | 0.31 | 0.43 | 93 | Technology | |
| The AES Corporation | 0.25 | 0.32 | 0.37 | 64 | Utilities | |
| General Electric Company | 0.33 | 0.37 | 0.42 | 71 | Industrials | |
| NVIDIA Corporation | 0.42 | 0.51 | 0.59 | 63 | Technology |
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