Looking to balance out your exposure to MSEX? The ETFs below have the lowest correlation with MSEX — they tend to move on their own, which can help reduce risk when MSEX drops. The stock ideas table highlights individual companies that behave independently from MSEX.
Best Diversifiers for MSEX
2 ETFs have low correlation with MSEX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.00 | 0.12 | 0.24 | 63 | S&P 500 | MSEX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.00 | 0.12 | 0.24 | 63 | S&P 500 | MSEX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSEX and solid risk/return profiles. The least correlated is Select Energy Services, Inc. (WTTR) (Energy) with a 1Y correlation of -0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Select Energy Services, Inc. | -0.04 | 0.03 | 0.06 | 94 | Energy | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.05 | 0.16 | 0.17 | 77 | Utilities | |
| Emerson Electric Co. | 0.06 | 0.12 | 0.18 | 56 | Industrials | |
| Nucor Corporation | 0.08 | 0.13 | 0.15 | 95 | Basic Materials | |
| The New York Times Company | 0.10 | 0.19 | 0.22 | 70 | Communication Services |
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