Looking to balance out your exposure to MSM? The ETFs below have historically moved differently from MSM, 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 MSM
2 ETFs have low correlation with MSM (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 0.29, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.41 | 0.48 | 68 | S&P 500 | MSM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.41 | 0.48 | 67 | S&P 500 | MSM vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSM, 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 Gilead Sciences, Inc. (GILD) (Healthcare) with a 1Y correlation of 0.09, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gilead Sciences, Inc. | 0.09 | 0.17 | 0.23 | 65 | Healthcare | |
| CBL & Associates Properties, Inc. | 0.18 | 0.28 | — | 99 | ||
| Honeywell International Inc | 0.37 | 0.42 | 0.50 | 60 | Industrials |
Build a portfolio that complements MSM
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