Looking to diversify beyond MSTY? The ETFs below have the lowest correlation with MSTY — 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 MSTY.
Best Diversifiers for MSTY
539 ETFs have low correlation with MSTY (below 0.3), 43 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 | -0.99 | — | — | 68 | Inverse Equities, Leveraged Equities | MSTY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.96 | — | — | 70 | Derivative Income | MSTY vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.84 | -0.78 | -0.78 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MSTY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.84 | — | — | 57 | Cryptocurrency | MSTY vs BITI | |
| Invesco DB US Dollar Index Bullish Fund | -0.18 | — | — | 51 | Currency | MSTY vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MSTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSTY and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.22, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.22 | -0.06 | -0.06 | 53 | Industrials | |
| Berkshire Hathaway Inc. | -0.16 | — | — | 53 | Financial Services | |
| The Coca-Cola Company | -0.16 | -0.14 | -0.14 | 83 | Consumer Defensive | |
| Johnson & Johnson | -0.15 | -0.13 | -0.13 | 97 | Healthcare | |
| Duke Energy Corporation | -0.12 | -0.09 | -0.09 | 66 | Utilities |
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