Looking to balance out your exposure to MSGS? The ETFs below have the lowest correlation with MSGS — they tend to move on their own, which can help reduce risk when MSGS drops. The stock ideas table highlights individual companies that behave independently from MSGS.
Best Diversifiers for MSGS
4 ETFs have low correlation with MSGS (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.11 | — | — | 99 | Leveraged Equities | MSGS vs MUU | |
| GraniteShares 2x Long DELL Daily ETF | 0.13 | — | — | 95 | Leveraged Equities | MSGS vs DLLL | |
| Direxion Daily GOOGL Bull 2X Shares | 0.14 | 0.21 | — | 94 | Leveraged Equities | MSGS vs GGLL | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.41 | 0.43 | 70 | S&P 500 | MSGS vs SPY | |
| Invesco S&P 100 Equal Weight ETF | 0.33 | 0.43 | 0.44 | 61 | Large Cap Blend Equities | MSGS vs EQWL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSGS and solid risk/return profiles. The least correlated is Alliance Entertainment Holding Corporation Class A Common Stock (AENT) (Communication Services) with a 1Y correlation of -0.04, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Entertainment Holding Corporation Class A... | -0.04 | 0.07 | 0.07 | 66 | Communication Services | |
| Chevron Corporation | 0.04 | 0.12 | 0.15 | 83 | Energy | |
| Lumentum Holdings Inc. | 0.04 | 0.22 | 0.27 | 99 | Technology | |
| Chubb Limited | 0.05 | 0.10 | 0.19 | 51 | Financial Services | |
| Exxon Mobil Corporation | 0.06 | 0.13 | 0.17 | 85 | Energy |
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