Looking to balance out your exposure to MNST? The ETFs below have the lowest correlation with MNST — they tend to move on their own, which can help reduce risk when MNST drops. The stock ideas table highlights individual companies that behave independently from MNST.
Best Diversifiers for MNST
282 ETFs have low correlation with MNST (below 0.3), 11 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.07 | -0.05 | 90 | Commodities | MNST vs FAAR | |
| ProShares Ultra Bloomberg Crude Oil | -0.15 | -0.10 | -0.04 | 54 | Leveraged Commodities | MNST vs UCO | |
| United States Oil Fund LP | -0.15 | -0.10 | -0.04 | 66 | Oil & Gas | MNST vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.05 | -0.00 | 74 | Commodities | MNST vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | -0.07 | -0.01 | 75 | Commodities | MNST vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNST and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.25, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.25 | -0.05 | 0.02 | 60 | Basic Materials | |
| Suncor Energy Inc. | -0.17 | -0.06 | 0.03 | 95 | Energy | |
| BP p.l.c. | -0.17 | -0.01 | 0.04 | 87 | Energy | |
| Diamondback Energy, Inc. | -0.15 | -0.05 | 0.02 | 82 | Energy | |
| EOG Resources, Inc. | -0.15 | -0.05 | 0.01 | 69 | Energy |
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