Looking to balance out your exposure to MNST? The ETFs below have historically moved differently from MNST, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MNST
299 ETFs have low correlation with MNST (below 0.3), 29 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.25, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.25 | -0.12 | -0.04 | 72 | Commodities | MNST vs PDBC | |
| United States Oil Fund LP | -0.24 | -0.15 | -0.07 | 55 | Oil & Gas | MNST vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.23 | -0.11 | -0.03 | 71 | Commodities | MNST vs DBC | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.21 | -0.02 | 0.06 | 58 | Energy Equities | MNST vs XOP | |
| iShares Global Energy ETF | -0.17 | 0.01 | 0.06 | 82 | Energy Equities | MNST vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MNST, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.23, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.23 | -0.03 | 0.02 | 72 | Basic Materials | |
| EOG Resources, Inc. | -0.22 | -0.05 | -0.01 | 72 | Energy | |
| Diamondback Energy, Inc. | -0.21 | -0.05 | 0.01 | 79 | Energy | |
| ConocoPhillips Company | -0.20 | -0.05 | 0.00 | 72 | Energy | |
| Suncor Energy Inc. | -0.19 | -0.07 | 0.02 | 94 | Energy |
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