Looking to balance out your exposure to MRCC? The ETFs below have the lowest correlation with MRCC — they tend to move on their own, which can help reduce risk when MRCC drops. The stock ideas table highlights individual companies that behave independently from MRCC.
Best Diversifiers for MRCC
3 ETFs have low correlation with MRCC (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.19 | 0.14 | 0.17 | 90 | Leveraged Equities, Semiconductors | MRCC vs USD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.27 | 0.18 | — | 74 | Nasdaq-100, Derivative Income | MRCC vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.22 | 0.26 | 70 | S&P 500 | MRCC vs SPY | |
| Pacer US Small Cap Cash Cows 100 ETF | 0.32 | 0.26 | 0.28 | 66 | Small Cap Blend Equities | MRCC vs CALF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRCC and solid risk/return profiles. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.30 | 0.24 | 0.30 | 76 | Financial Services | |
| Trinity Capital Inc. | 0.33 | 0.24 | 0.24 | 80 | Financial Services |
Build a portfolio that complements MRCC
Add MRCC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MRCC