Looking to balance out your exposure to MSD? The ETFs below have the lowest correlation with MSD — they tend to move on their own, which can help reduce risk when MSD drops. The stock ideas table highlights individual companies that behave independently from MSD.
Best Diversifiers for MSD
1 ETFs have low correlation with MSD (below 0.3), 0 of which are negatively correlated. The least correlated is SonicShares Global Shipping ETF (BOAT) (Transportation Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SonicShares Global Shipping ETF | 0.15 | 0.16 | — | 84 | Transportation Equities | MSD vs BOAT | |
| PGIM Floating Rate Income ETF | 0.31 | 0.22 | — | 93 | Bank Loan | MSD vs PFRL | |
| Global X NASDAQ 100 Covered Call ETF | 0.36 | 0.32 | 0.35 | 88 | Nasdaq-100, Derivative Income | MSD vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.38 | 0.32 | — | 65 | Nasdaq-100, Derivative Income | MSD vs JEPQ | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.38 | — | — | 71 | Nasdaq-100, Dividend | MSD vs GPIQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSD and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | -0.02 | 0.05 | 70 | Energy | |
| Thermo Fisher Scientific Inc. | 0.19 | 0.19 | 0.23 | 64 | Healthcare | |
| The AES Corporation | 0.19 | 0.27 | 0.27 | 68 | Utilities | |
| RTX Corporation | 0.24 | 0.22 | 0.21 | 81 | Industrials | |
| General Electric Company | 0.27 | 0.27 | 0.28 | 78 | Industrials |
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