Looking to diversify beyond MSOO? The ETFs below have the lowest correlation with MSOO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MSOO.
Best Diversifiers for MSOO
1 ETFs have low correlation with MSOO (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ASML Daily ETF (ASMG) (Leveraged Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ASML Daily ETF | 0.28 | 0.28 | 0.28 | 88 | Leveraged Equities | MSOO vs ASMG | |
| FT Vest U.S. Equity Equal Weight Buffer ETF - Dece... | 0.38 | — | — | 52 | Defined Outcome | MSOO vs RSDE | |
| Calamos Nasdaq-100 Structured Alt Protection ETF -... | 0.42 | 0.42 | 0.42 | 97 | Defined Outcome | MSOO vs CPNM | |
| FT Vest U.S. Equity Max Buffer ETF - December | 0.42 | — | — | 93 | Defined Outcome | MSOO vs DECM | |
| PGIM S&P 500 Max Buffer ETF - February | 0.42 | 0.42 | 0.42 | 95 | Defined Outcome, S&P 500 | MSOO vs PMFB |
See all 28 diversifiers for MSOO
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