Looking to balance out your exposure to MSGS? The ETFs below have historically moved differently from MSGS, 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 MSGS
5 ETFs have low correlation with MSGS (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 0.09 | — | — | 94 | Leveraged Equities | MSGS vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 0.10 | — | — | 98 | Leveraged Equities, Semiconductors | MSGS vs MUU | |
| Direxion Daily GOOGL Bull 2X Shares | 0.11 | 0.20 | — | 91 | Leveraged Equities | MSGS vs GGLL | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.39 | 0.41 | 67 | S&P 500 | MSGS vs SPY | |
| Invesco S&P 100 Equal Weight ETF | 0.26 | 0.42 | 0.42 | 82 | Large Cap Blend Equities, Equal Weight | MSGS vs EQWL |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSGS, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of 0.00, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | 0.00 | 0.10 | 0.18 | 89 | Financial Services | |
| Howmet Aerospace Inc. | 0.04 | 0.23 | 0.32 | 90 | Industrials | |
| Lumentum Holdings Inc. | 0.04 | 0.22 | 0.25 | 98 | Technology | |
| Intel Corporation | 0.05 | 0.16 | 0.20 | 98 | Technology | |
| Monster Beverage Corporation | 0.05 | 0.16 | 0.22 | 94 | Consumer Defensive |
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