Looking to balance out your exposure to MRK? The ETFs below have historically moved differently from MRK, 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 MRK
285 ETFs have low correlation with MRK (below 0.3), 79 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.20 | -0.10 | -0.02 | 61 | Technology Equities | MRK vs IYW | |
| ProShares Ultra Semiconductors | -0.18 | -0.13 | -0.07 | 58 | Leveraged Equities, Semiconductors | MRK vs USD | |
| iShares Expanded Tech Sector ETF | -0.18 | -0.09 | -0.02 | 63 | Technology Equities | MRK vs IGM | |
| Direxion Daily Technology Bull 3X Shares | -0.17 | -0.09 | -0.00 | 52 | Leveraged Equities, Technology Equities | MRK vs TECL | |
| State Street Technology Select Sector SPDR ETF | -0.17 | -0.09 | -0.00 | 62 | Technology Equities | MRK vs XLK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRK, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.22, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.22 | -0.14 | -0.06 | 68 | Technology | |
| CrowdStrike Holdings, Inc. | -0.21 | -0.11 | -0.05 | 83 | Technology | |
| NVIDIA Corporation | -0.20 | -0.12 | -0.08 | 61 | Technology | |
| Fortinet, Inc. | -0.16 | -0.07 | 0.03 | 82 | Technology | |
| Advanced Micro Devices, Inc. | -0.15 | -0.08 | -0.05 | 94 | Technology |
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