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
246 ETFs have low correlation with MNST (below 0.3), 7 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.16, 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... | -0.16 | -0.07 | -0.05 | 75 | Commodities | MNST vs FAAR | |
| GraniteShares 2x Long DELL Daily ETF | -0.09 | — | — | 96 | Leveraged Equities | MNST vs DLLL | |
| ProShares High Yield-Interest Rate Hedged | -0.06 | 0.04 | 0.21 | 57 | High Yield Bonds | MNST vs HYHG | |
| iMGP DBi Managed Futures Strategy ETF | -0.05 | -0.03 | -0.06 | 74 | Systematic Trend | MNST vs DBMF | |
| ProShares Ultra Semiconductors | -0.03 | 0.02 | 0.20 | 82 | Leveraged Equities, Semiconductors | MNST vs USD |
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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 BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.16 | -0.02 | 0.03 | 77 | Energy | |
| EOG Resources, Inc. | -0.15 | -0.04 | 0.01 | 57 | Energy | |
| Suncor Energy Inc. | -0.15 | -0.05 | 0.03 | 85 | Energy | |
| Diamondback Energy, Inc. | -0.14 | -0.04 | 0.02 | 76 | Energy | |
| ConocoPhillips Company | -0.14 | -0.04 | 0.02 | 65 | Energy |
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Build a portfolio that complements MNST
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