Looking to diversify beyond MNZL? The ETFs below have the lowest correlation with MNZL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MNZL.
Best Diversifiers for MNZL
138 ETFs have low correlation with MNZL (below 0.3), 30 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.19 | -0.19 | -0.19 | 57 | Energy Equities | MNZL vs EINC | |
| Alerian Energy Infrastructure ETF | -0.19 | -0.19 | -0.19 | 50 | Energy Equities | MNZL vs ENFR | |
| Tortoise North American Pipeline Fund | -0.18 | -0.18 | -0.18 | 55 | Energy Equities | MNZL vs TPYP | |
| VanEck Commodity Strategy ETF | -0.18 | -0.18 | -0.18 | 55 | Commodities | MNZL vs PIT | |
| Texas Capital Government Money Market ETF | -0.17 | -0.17 | -0.17 | 100 | Money Market | MNZL vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNZL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNZL and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.49, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.49 | 0.49 | 0.49 | 88 | Technology | |
| Alphabet Inc. Class A | 0.52 | 0.52 | 0.52 | 96 | Communication Services |
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