Looking to balance out your exposure to MSLOY? The ETFs below have the lowest correlation with MSLOY — they tend to move on their own, which can help reduce risk when MSLOY drops. The stock ideas table highlights individual companies that behave independently from MSLOY.
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 0.21, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.21 | 0.22 | 0.17 | 53 | Leveraged Equities, S&P 500 | MSLOY vs UPRO | |
| Vanguard S&P 500 ETF | 0.21 | 0.22 | 0.17 | 68 | S&P 500 | MSLOY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.22 | 0.17 | 67 | S&P 500 | MSLOY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSLOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSLOY and solid risk/return profiles. The least correlated is Murata Manufacturing Inc (MRAAY) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murata Manufacturing Inc | 0.12 | 0.17 | 0.17 | 99 | Technology | |
| Mitsubishi Electric Corp ADR | 0.14 | 0.20 | 0.16 | 89 | Industrials |
Build a portfolio that complements MSLOY
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