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
288 ETFs have low correlation with MNST (below 0.3), 27 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.20, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.20 | -0.14 | -0.17 | 51 | Currency | MNST vs UUP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.19 | -0.10 | -0.03 | 55 | Commodities | MNST vs PDBC | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.08 | -0.06 | 64 | Commodities | MNST vs FAAR | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.09 | -0.02 | 54 | Commodities | MNST vs DBC | |
| Invesco S&P SmallCap Energy ETF | -0.16 | -0.01 | 0.07 | 56 | Energy Equities | MNST vs PSCE |
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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 -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.22 | -0.03 | 0.02 | 64 | Basic Materials | |
| Suncor Energy Inc. | -0.16 | -0.06 | 0.02 | 89 | Energy | |
| BP p.l.c. | -0.16 | -0.02 | 0.03 | 75 | Energy | |
| Diamondback Energy, Inc. | -0.15 | -0.04 | 0.02 | 77 | Energy | |
| EOG Resources, Inc. | -0.15 | -0.04 | 0.00 | 63 | Energy |
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