Looking to diversify beyond MRNY? The ETFs below have historically moved differently from MRNY, 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 MRNY
769 ETFs have low correlation with MRNY (below 0.3), 73 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 63 | Derivative Income | MRNY vs WNTR | |
| Invesco DB Energy Fund | -0.20 | — | — | 53 | Oil & Gas | MRNY vs DBE | |
| United States Gasoline Fund, LP | -0.15 | -0.08 | -0.08 | 74 | Oil & Gas | MRNY vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | -0.04 | -0.04 | 50 | Commodities | MRNY vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.12 | -0.01 | -0.01 | 52 | Commodities | MRNY vs DCMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRNY, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.12 | 0.01 | 0.01 | 86 | Financial Services | |
| The Coca-Cola Company | -0.09 | — | — | 86 | Consumer Defensive | |
| Apple Inc | 0.15 | 0.21 | 0.21 | 90 | Technology | |
| DaVita Inc. | 0.16 | — | — | 85 | Healthcare | |
| Mueller Industries, Inc. | 0.19 | — | — | 86 | Industrials |
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