Looking to diversify beyond MSFW? The ETFs below have the lowest correlation with MSFW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MSFW.
Best Diversifiers for MSFW
782 ETFs have low correlation with MSFW (below 0.3), 67 of which are negatively correlated. The least correlated is Direxion Daily Energy Bull 2X Shares (ERX) (Leveraged Equities) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Energy Bull 2X Shares | -0.11 | -0.11 | -0.11 | 61 | Leveraged Equities | MSFW vs ERX | |
| Breakwave Tanker Shipping ETF | -0.11 | -0.11 | -0.11 | 99 | Commodities | MSFW vs BWET | |
| iShares U.S. Energy ETF | -0.11 | -0.11 | -0.11 | 63 | Energy Equities | MSFW vs IYE | |
| Fidelity MSCI Energy Index ETF | -0.11 | -0.11 | -0.11 | 64 | Energy Equities | MSFW vs FENY | |
| First Trust North American Energy Infrastructure F... | -0.11 | -0.11 | -0.11 | 61 | MLPs | MSFW vs EMLP |
See all 1128 diversifiers for MSFW
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