Looking to balance out your exposure to MSFT? The ETFs below have historically moved differently from MSFT, 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 MSFT
311 ETFs have low correlation with MSFT (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Ultra Energy (DIG) (Leveraged Equities) with a 1Y correlation of -0.12, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Energy | -0.12 | -0.04 | 0.08 | 56 | Leveraged Equities | MSFT vs DIG | |
| State Street Energy Select Sector SPDR ETF | -0.12 | -0.03 | 0.07 | 61 | Energy Equities | MSFT vs XLE | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.11 | -0.01 | 0.10 | 64 | Energy Equities, S&P 500, Equal Weight | MSFT vs RSPG | |
| iShares Core High Dividend ETF | -0.11 | -0.00 | 0.22 | 87 | Dividend, Large Cap Value Equities | MSFT vs HDV | |
| Direxion Daily Energy Bull 2X Shares | -0.11 | -0.03 | 0.07 | 56 | Energy Equities, Leveraged Equities | MSFT vs ERX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSFT, 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 Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of -0.21, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | -0.21 | -0.07 | 0.02 | 94 | Healthcare | |
| Deere & Company | -0.21 | 0.02 | 0.14 | 65 | Industrials | |
| Johnson & Johnson | -0.20 | -0.15 | 0.04 | 96 | Healthcare | |
| Consolidated Edison, Inc. | -0.19 | -0.16 | -0.01 | 56 | Utilities | |
| DaVita Inc. | -0.18 | 0.00 | 0.11 | 70 | Healthcare |
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