Looking to balance out your exposure to MSBHF? The ETFs below have the lowest correlation with MSBHF — they tend to move on their own, which can help reduce risk when MSBHF drops. The stock ideas table highlights individual companies that behave independently from MSBHF.
Best Diversifiers for MSBHF
4 ETFs have low correlation with MSBHF (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily MSCI South Korea Bull 3X Shares (KORU) (South Korea Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.13 | 0.22 | 0.22 | 84 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | MSBHF vs KORU | |
| Vanguard S&P 500 ETF | 0.14 | 0.24 | 0.20 | 66 | S&P 500 | MSBHF vs VOO | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.17 | 0.23 | 0.20 | 91 | Leveraged Equities, Semiconductors | MSBHF vs SOXL | |
| STMicroelectronics NV ADRhedged | 0.23 | — | — | 68 | Technology Equities | MSBHF vs STHH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSBHF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSBHF and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.04 | 0.06 | 0.05 | 56 | Industrials | |
| Occidental Petroleum Corporation | 0.04 | 0.08 | 0.09 | 67 | Energy | |
| Monster Beverage Corporation | 0.05 | 0.03 | 0.06 | 94 | Consumer Defensive | |
| American Express Company | 0.05 | 0.13 | 0.13 | 61 | Financial Services | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.05 | 0.10 | 0.11 | 67 | Consumer Defensive |
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