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 State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.26 | 0.32 | 74 | S&P 500 | MNSO vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.27 | 0.32 | 74 | S&P 500 | MNSO vs VOO | |
| ProShares UltraPro S&P 500 | 0.36 | 0.27 | 0.32 | 66 | Leveraged Equities, S&P 500 | MNSO vs UPRO |
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 Engie SA ADR (ENGIY) (Utilities) with a 1Y correlation of 0.08, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Engie SA ADR | 0.08 | 0.08 | 0.12 | 87 | Utilities | |
| Amazon.com, Inc | 0.21 | 0.19 | 0.26 | 62 | Consumer Cyclical | |
| Modine Manufacturing Company | 0.23 | 0.18 | 0.21 | 95 | Consumer Cyclical | |
| AngloGold Ashanti Limited | 0.24 | 0.16 | 0.16 | 83 | Basic Materials | |
| Alphabet Inc. Class A | 0.25 | 0.26 | 0.27 | 96 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MNSO
Add MNSO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MNSO