Looking to diversify beyond MSTX? The ETFs below have the lowest correlation with MSTX — 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 MSTX.
Best Diversifiers for MSTX
541 ETFs have low correlation with MSTX (below 0.3), 41 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -1.00 | — | — | 60 | Inverse Equities, Leveraged Equities | MSTX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -1.00 | — | — | 53 | Inverse Equities | MSTX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.97 | — | — | 65 | Derivative Income | MSTX vs WNTR | |
| Brookmont Catastrophic Bond ETF | -0.12 | — | — | 97 | Nontraditional Bonds | MSTX vs ILS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | — | — | 100 | Government Bonds, Ultrashort Bond | MSTX vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSTX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.18, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.19 | -0.06 | -0.06 | 51 | Industrials | |
| Duke Energy Corporation | -0.14 | -0.15 | -0.15 | 63 | Utilities | |
| Johnson & Johnson | -0.14 | -0.11 | -0.11 | 97 | Healthcare | |
| Chubb Limited | -0.13 | -0.07 | -0.07 | 83 | Financial Services | |
| The Coca-Cola Company | -0.12 | -0.13 | -0.13 | 82 | Consumer Defensive |
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