Looking to balance out your exposure to MRK? The ETFs below have the lowest correlation with MRK — they tend to move on their own, which can help reduce risk when MRK drops. The stock ideas table highlights individual companies that behave independently from MRK.
Best Diversifiers for MRK
219 ETFs have low correlation with MRK (below 0.3), 34 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.15, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.01 | 0.00 | 100 | Government Bonds, Ultrashort Bond | MRK vs USFR | |
| ProShares Ultra Semiconductors | -0.14 | -0.11 | -0.06 | 82 | Leveraged Equities, Semiconductors | MRK vs USD | |
| State Street Technology Select Sector SPDR ETF | -0.12 | -0.07 | 0.01 | 66 | Technology Equities | MRK vs XLK | |
| Fidelity MSCI Information Technology Index ETF | -0.12 | -0.06 | 0.01 | 60 | Technology Equities | MRK vs FTEC | |
| YieldMax AMD Option Income Strategy ETF | -0.11 | — | — | 90 | Derivative Income, Options Trading | MRK vs AMDY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRK and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.22, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.22 | -0.09 | -0.05 | 65 | Technology | |
| AppLovin Corporation | -0.21 | -0.11 | -0.06 | 60 | Communication Services | |
| Broadcom Inc. | -0.18 | -0.12 | -0.05 | 72 | Technology | |
| NVIDIA Corporation | -0.16 | -0.12 | -0.07 | 72 | Technology | |
| Fortinet, Inc. | -0.14 | -0.04 | 0.04 | 68 | Technology |
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