Looking to balance out your exposure to MNSO? The ETFs below have the lowest correlation with MNSO — they tend to move on their own, which can help reduce risk when MNSO drops. The stock ideas table highlights individual companies that behave independently from MNSO.
Best Diversifiers for MNSO
0 ETFs have low correlation with MNSO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.26 | 0.33 | 60 | S&P 500 | MNSO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.26 | 0.33 | 60 | S&P 500 | MNSO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNSO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNSO and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | 0.01 | 0.11 | 0.17 | 61 | Energy | |
| Valero Energy Corporation | 0.01 | 0.06 | 0.10 | 91 | Energy | |
| Eli Lilly and Company | 0.10 | 0.08 | 0.08 | 75 | Healthcare | |
| TG Therapeutics, Inc. | 0.11 | 0.11 | 0.23 | 69 | Healthcare | |
| Engie SA ADR | 0.11 | 0.09 | 0.12 | 82 | Utilities |
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