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
254 ETFs have low correlation with MRK (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.17, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.17 | -0.12 | -0.07 | 70 | Leveraged Equities, Semiconductors | MRK vs USD | |
| iShares U.S. Technology ETF | -0.16 | -0.09 | -0.01 | 60 | Technology Equities | MRK vs IYW | |
| Fidelity MSCI Information Technology Index ETF | -0.15 | -0.08 | -0.00 | 58 | Technology Equities | MRK vs FTEC | |
| State Street Technology Select Sector SPDR ETF | -0.15 | -0.08 | -0.00 | 63 | Technology Equities | MRK vs XLK | |
| Vanguard Information Technology ETF | -0.14 | -0.08 | -0.00 | 57 | Technology Equities | MRK vs VGT |
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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 AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.22, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.22 | -0.12 | -0.06 | 60 | Communication Services | |
| Broadcom Inc. | -0.21 | -0.14 | -0.06 | 71 | Technology | |
| NVIDIA Corporation | -0.20 | -0.13 | -0.08 | 65 | Technology | |
| CrowdStrike Holdings, Inc. | -0.20 | -0.10 | -0.04 | 77 | Technology | |
| Advanced Micro Devices, Inc. | -0.13 | -0.08 | -0.05 | 97 | Technology |
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