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
1114 ETFs have low correlation with MKTN (below 0.3), 614 of which are negatively correlated. The least correlated is iShares Energy Storage & Materials ETF (IBAT) (Alternative Energy Equities) with a 1Y correlation of -0.16, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Energy Storage & Materials ETF | -0.16 | -0.16 | -0.16 | 95 | Alternative Energy Equities | MKTN vs IBAT | |
| First Trust California Municipal High Income ETF | -0.16 | -0.16 | -0.16 | 74 | Municipal Bonds | MKTN vs FCAL | |
| Janus Henderson Securitized Income ETF | -0.16 | -0.16 | -0.16 | 58 | Short-Term Bond | MKTN vs JSI | |
| YieldMax AMD Option Income Strategy ETF | -0.15 | -0.15 | -0.15 | 93 | Options Trading, Dividend | MKTN vs AMDY | |
| Build Bond Innovation ETF | -0.15 | -0.15 | -0.15 | 61 | Intermediate Core Bond | MKTN vs BFIX |
See all 1114 diversifiers for MKTN
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