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Looking to diversify beyond MSFY? The ETFs below have historically moved differently from MSFY, 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 MSFY

1262 ETFs have low correlation with MSFY (below 0.3), 116 of which are negatively correlated.

How candidates are selected

See all 1661 diversifiers for MSFY

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for MSFY, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.11, roughly unchanged from -0.04 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NextEra Energy, Inc.-0.11-0.04-0.04
77
Utilities
Verizon Communications Inc.-0.10-0.10-0.10
63
Communication Services
Caterpillar Inc.-0.100.150.15
94
Industrials
Johnson Controls International plc-0.080.210.21
86
Industrials
Eli Lilly and Company-0.050.120.12
77
Healthcare
See all 15 low-correlation stocks for MSFY

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Diversification Analysis

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