Looking to diversify beyond MRSK? The ETFs below have historically moved differently from MRSK, 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 MRSK
220 ETFs have low correlation with MRSK (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | — | 61 | Cryptocurrency | MRSK vs BITI | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.01 | — | 56 | Options Trading | MRSK vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.08 | 0.05 | 72 | Oil & Gas | MRSK vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.08 | 0.04 | 52 | Oil & Gas | MRSK vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.06 | 0.05 | 58 | Oil & Gas | MRSK vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MRSK, 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 Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.42 | 0.38 | 0.42 | 68 | Financial Services |
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