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
241 ETFs have low correlation with MRK (below 0.3), 27 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) 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 |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.15 | -0.07 | -0.00 | 66 | Oil & Gas | MRK vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | -0.07 | -0.00 | 71 | Commodities | MRK vs GSG | |
| ProShares Ultra Bloomberg Crude Oil | -0.15 | -0.08 | -0.00 | 54 | Leveraged Commodities | MRK vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.06 | -0.00 | 75 | Commodities | MRK vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.06 | 0.00 | 74 | Commodities | MRK vs PDBC |
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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 Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.22, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.22 | -0.05 | 0.04 | 58 | Technology | |
| CrowdStrike Holdings, Inc. | -0.21 | -0.09 | -0.04 | 70 | Technology | |
| AppLovin Corporation | -0.17 | -0.10 | -0.05 | 59 | Technology | |
| Broadcom Inc. | -0.16 | -0.12 | -0.05 | 84 | Technology | |
| Fortinet, Inc. | -0.15 | -0.04 | 0.04 | 66 | Technology |
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