Looking to diversify beyond MSTX? The ETFs below have historically moved differently from MSTX, 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 MSTX
605 ETFs have low correlation with MSTX (below 0.3), 58 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 | -1.00 | — | — | 61 | Inverse Equities, Leveraged Equities | MSTX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -1.00 | — | — | 52 | Inverse Equities | MSTX vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.97 | — | — | 75 | Derivative Income | MSTX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.85 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MSTX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.85 | — | — | 61 | Cryptocurrency | MSTX vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MSTX, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.18, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.18 | -0.16 | -0.16 | 56 | Utilities | |
| Berkshire Hathaway Inc. | -0.17 | -0.05 | -0.05 | 61 | Financial Services | |
| Johnson & Johnson | -0.17 | -0.12 | -0.12 | 97 | Healthcare | |
| Chubb Limited | -0.16 | -0.08 | -0.08 | 89 | Financial Services | |
| Altria Group, Inc. | -0.14 | -0.09 | -0.09 | 66 | Consumer Defensive |
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