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 Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.22, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.22 | 0.17 | 74 | S&P 500 | MSLOY vs VOO | |
| ProShares UltraPro S&P 500 | 0.23 | 0.22 | 0.17 | 66 | Leveraged Equities, S&P 500 | MSLOY vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.22 | 0.17 | 74 | S&P 500 | MSLOY vs SPY |
Diversification Analysis
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