Looking to balance out your exposure to MSLOY? The ETFs below have historically moved differently from MSLOY, 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 MSLOY
3 ETFs have low correlation with MSLOY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro S&P 500 (UPRO) (Leveraged Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.20 | 0.22 | 0.17 | 50 | Leveraged Equities, S&P 500 | MSLOY vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.22 | 0.17 | 67 | S&P 500 | MSLOY vs SPY | |
| Vanguard S&P 500 ETF | 0.20 | 0.22 | 0.18 | 68 | S&P 500 | MSLOY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSLOY, 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 Murata Manufacturing Inc (MRAAY) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murata Manufacturing Inc | 0.12 | 0.18 | 0.17 | 96 | Technology | |
| Mitsubishi Electric Corp ADR | 0.15 | 0.20 | 0.17 | 82 | Industrials | |
| Nippon Yusen Kabushiki Kaisha | 0.74 | 0.70 | 0.61 | 56 | Industrials |
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