Looking to balance out your exposure to MSDL? The ETFs below have the lowest correlation with MSDL — they tend to move on their own, which can help reduce risk when MSDL drops. The stock ideas table highlights individual companies that behave independently from MSDL.
Best Diversifiers for MSDL
1 ETFs have low correlation with MSDL (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.24 | — | — | 80 | Dividend | MSDL vs SCHD | |
| NEOS Nasdaq-100 High Income ETF | 0.34 | — | — | 68 | Nasdaq-100, Derivative Income | MSDL vs QQQI | |
| NEOS S&P 500 High Income ETF | 0.38 | — | — | 71 | Derivative Income, S&P 500 | MSDL vs SPYI | |
| Vanguard S&P 500 ETF | 0.38 | — | — | 70 | S&P 500 | MSDL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | — | — | 70 | S&P 500 | MSDL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSDL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.13 | — | — | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.14 | — | — | 63 | Financial Services | |
| Trinity Capital Inc. | 0.56 | 0.36 | 0.36 | 80 | Financial Services | |
| Capital Southwest Corporation | 0.61 | — | — | 76 | Financial Services |
Diversification Analysis
Build a portfolio that complements MSDL
Add MSDL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MSDL