Looking to balance out your exposure to MRNA? The ETFs below have the lowest correlation with MRNA — they tend to move on their own, which can help reduce risk when MRNA drops. The stock ideas table highlights individual companies that behave independently from MRNA.
Best Diversifiers for MRNA
2 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 -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.04 | -0.03 | 100 | Ultrashort Bond | MRNA vs SGOV | |
| Invesco QQQ ETF | 0.28 | 0.31 | 0.37 | 74 | Nasdaq-100 | MRNA vs QQQ | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.33 | 0.30 | 0.28 | 62 | Emerging Markets Bonds | MRNA vs EMB | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.36 | 0.33 | 85 | Dividend | MRNA vs SCHD | |
| Vanguard S&P 500 ETF | 0.36 | 0.36 | 0.37 | 74 | S&P 500 | MRNA vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRNA and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.07 | 0.04 | 0.08 | 66 | Consumer Defensive | |
| Cardinal Health, Inc. | -0.02 | 0.02 | 0.06 | 73 | Healthcare | |
| The Williams Companies, Inc. | -0.02 | 0.09 | 0.07 | 71 | Energy | |
| HF Sinclair Corp | -0.01 | 0.04 | 0.05 | 93 | Energy | |
| Cboe Global Markets, Inc. | 0.01 | -0.04 | 0.05 | 71 | Financial Services |
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