Looking to diversify beyond MNZL? The ETFs below have historically moved differently from MNZL, 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 MNZL
265 ETFs have low correlation with MNZL (below 0.3), 77 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.42 | -0.42 | -0.42 | 56 | Options Trading | MNZL vs CAOS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | -0.40 | -0.40 | 75 | Derivative Income | MNZL vs WNTR | |
| Invesco DB Energy Fund | -0.33 | -0.33 | -0.33 | 72 | Oil & Gas | MNZL vs DBE | |
| United States Oil Fund LP | -0.33 | -0.33 | -0.33 | 55 | Oil & Gas | MNZL vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.33 | -0.33 | 52 | Oil & Gas | MNZL vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MNZL, 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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.43 | 0.43 | 0.43 | 95 | Communication Services | |
| Apple Inc | 0.44 | 0.44 | 0.44 | 89 | Technology |
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