Looking to balance out your exposure to MSD? The ETFs below have historically moved differently from MSD, 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 MSD
2 ETFs have low correlation with MSD (below 0.3), 0 of which are negatively correlated. The least correlated is SonicShares Global Shipping ETF (BOAT) (Industrials Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SonicShares Global Shipping ETF | 0.18 | 0.16 | — | 93 | Industrials Equities, Global Equities | MSD vs BOAT | |
| PGIM Floating Rate Income ETF | 0.27 | 0.20 | — | 94 | Bank Loan | MSD vs PFRL | |
| iShares Emerging Markets Dividend ETF | 0.36 | 0.30 | 0.30 | 75 | Emerging Markets Equities, Dividend | MSD vs DVYE | |
| Global X SuperDividend ETF | 0.39 | 0.36 | 0.35 | 63 | Global Equities, Dividend | MSD vs SDIV | |
| Global X NASDAQ 100 Covered Call ETF | 0.39 | 0.32 | 0.36 | 83 | Nasdaq-100, Derivative Income | MSD vs QYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSD, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | -0.03 | 0.04 | 80 | Energy | |
| Philip Morris International Inc. | 0.09 | 0.11 | 0.17 | 66 | Consumer Defensive | |
| Thermo Fisher Scientific Inc. | 0.20 | 0.19 | 0.23 | 65 | Healthcare | |
| The AES Corporation | 0.21 | 0.27 | 0.27 | 64 | Utilities | |
| RTX Corporation | 0.22 | 0.21 | 0.21 | 82 | Industrials |
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