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 0.29, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ASML Daily ETF | 0.29 | 0.29 | 0.29 | 89 | Leveraged Equities | MSOO vs ASMG | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.31 | 0.31 | 0.31 | 85 | Defined Outcome | MSOO vs EAPR | |
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 0.35 | 0.35 | 0.35 | 96 | Defined Outcome, Small Cap Blend Equities | MSOO vs RB | |
| FT Vest U.S. Equity Equal Weight Buffer ETF - Dece... | 0.38 | 0.38 | 0.38 | 58 | Defined Outcome | MSOO vs RSDE | |
| Innovator U.S. Equity Power Buffer ETF - May | 0.39 | 0.39 | 0.39 | 93 | Defined Outcome | MSOO vs PMAY |
See all 25 diversifiers for MSOO
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