Looking to balance out your exposure to MRNA? The ETFs below have historically moved differently from MRNA, 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 MRNA
3 ETFs have low correlation with MRNA (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.03 | -0.02 | 100 | Ultrashort Bond | MRNA vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.32 | 0.33 | 94 | Dividend | MRNA vs SCHD | |
| Invesco QQQ ETF | 0.28 | 0.30 | 0.37 | 54 | Nasdaq-100 | MRNA vs QQQ | |
| State Street Health Care Select Sector SPDR ETF | 0.31 | 0.33 | 0.37 | 60 | Health & Biotech Equities | MRNA vs XLV | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.36 | 0.39 | 71 | S&P 500 | MRNA vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRNA, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.13, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.13 | 0.04 | 0.06 | 71 | Energy | |
| W. R. Berkley Corporation | -0.11 | -0.04 | 0.03 | 50 | Financial Services | |
| Apache Corporation | -0.10 | 0.06 | 0.10 | 87 | Energy | |
| Verizon Communications Inc. | -0.10 | 0.03 | 0.06 | 63 | Communication Services | |
| HF Sinclair Corp | -0.10 | 0.02 | 0.05 | 94 | Energy |
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