Looking to diversify beyond MRNY? The ETFs below have the lowest correlation with MRNY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MRNY.
Best Diversifiers for MRNY
716 ETFs have low correlation with MRNY (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.05 | -0.05 | 61 | Leveraged Currency | MRNY vs YCS | |
| Breakwave Tanker Shipping ETF | -0.13 | — | — | 99 | Commodities | MRNY vs BWET | |
| United States Brent Oil Fund LP | -0.12 | -0.05 | -0.05 | 65 | Oil & Gas | MRNY vs BNO | |
| United States Oil Fund LP | -0.12 | — | — | 66 | Oil & Gas | MRNY vs USO | |
| Roundhill Weekly T-Bill ETF | -0.12 | -0.05 | -0.05 | 99 | Ultrashort Bond | MRNY vs WEEK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRNY and solid risk/return profiles. The least correlated is Definium Therapeutics, Inc (DFTX) (Healthcare) with a 1Y correlation of 0.23, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Definium Therapeutics, Inc | 0.23 | 0.24 | 0.24 | 94 | Healthcare | |
| COMPASS Pathways plc | 0.26 | 0.33 | 0.33 | 85 | Healthcare | |
| Alkermes plc | 0.33 | — | — | 68 | Healthcare | |
| Moderna, Inc. | 0.98 | — | — | 74 | Healthcare |
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