Looking to diversify beyond MSOX? The ETFs below have historically moved differently from MSOX, 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 MSOX
1691 ETFs have low correlation with MSOX (below 0.3), 52 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | MSOX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 75 | Derivative Income | MSOX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MSOX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.23 | -0.10 | — | 61 | Cryptocurrency | MSOX vs BITI | |
| Goldman Sachs Ultra Short Bond ETF | -0.12 | -0.00 | — | 99 | Ultrashort Bond | MSOX vs GSST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSOX, 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 German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.05 | 0.11 | — | 86 | Financial Services |
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