Looking to diversify beyond MKTN? The ETFs below have the lowest correlation with MKTN — 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 MKTN.
Best Diversifiers for MKTN
1012 ETFs have low correlation with MKTN (below 0.3), 640 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | -0.15 | -0.15 | -0.15 | 94 | Leveraged Equities | MKTN vs AMDL | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | -0.15 | -0.15 | -0.15 | 91 | Blockchain, Equity Hedged | MKTN vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | -0.15 | -0.15 | -0.15 | 90 | Blockchain | MKTN vs DECO | |
| Global X Autonomous & Electric Vehicles ETF | -0.14 | -0.14 | -0.14 | 81 | Global Equities | MKTN vs DRIV | |
| Global X CleanTech ETF | -0.14 | -0.14 | -0.14 | 77 | Alternative Energy Equities | MKTN vs CTEC |
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