Looking to balance out your exposure to MRSH? The ETFs below have the lowest correlation with MRSH — they tend to move on their own, which can help reduce risk when MRSH drops. The stock ideas table highlights individual companies that behave independently from MRSH.
Best Diversifiers for MRSH
4 ETFs have low correlation with MRSH (below 0.3), 4 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.23, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.23 | 0.01 | 0.28 | 69 | Technology Equities | MRSH vs XLK | |
| Invesco QQQ ETF | -0.17 | 0.03 | 0.26 | 64 | Nasdaq-100 | MRSH vs QQQ | |
| Vanguard S&P 500 ETF | -0.04 | 0.18 | 0.43 | 63 | S&P 500 | MRSH vs VOO | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.19 | 0.43 | 63 | S&P 500 | MRSH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRSH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRSH and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.33, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.33 | -0.11 | 0.14 | 98 | Technology | |
| Eaton Corporation plc | -0.30 | -0.01 | 0.25 | 64 | Industrials | |
| Applied Materials, Inc. | -0.30 | -0.09 | 0.15 | 98 | Technology | |
| Advanced Micro Devices, Inc. | -0.29 | -0.05 | 0.14 | 97 | Technology | |
| Sandisk Corporation | -0.27 | — | — | 100 | Technology |
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