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
1094 ETFs have low correlation with MKTN (below 0.3), 688 of which are negatively correlated. The least correlated is Global X Hydrogen ETF (HYDR) (Alternative Energy Equities) with a 1Y correlation of -0.20, roughly unchanged from -0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Hydrogen ETF | -0.20 | -0.20 | — | 61 | Alternative Energy Equities | MKTN vs HYDR | |
| Xtrackers Semiconductor Select Equity ETF | -0.16 | -0.16 | -0.16 | 95 | Semiconductors, Technology Equities | MKTN vs CHPS | |
| Clough Select Equity ETF | -0.16 | -0.16 | -0.16 | 52 | Large Cap Value Equities, ESG | MKTN vs CBSE | |
| Xtrackers Harvest CSI 500 China A-Shares Small Cap... | -0.15 | -0.15 | -0.15 | 75 | China Equities, Asia Pacific Equities | MKTN vs ASHS | |
| iShares Future AI & Tech ETF | -0.14 | -0.14 | -0.14 | 75 | Technology Equities | MKTN vs ARTY |
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