Looking to diversify beyond MULL? The ETFs below have the lowest correlation with MULL — 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 MULL.
Best Diversifiers for MULL
587 ETFs have low correlation with MULL (below 0.3), 105 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.31 | -0.31 | 53 | Cryptocurrency | MULL vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 65 | Inverse Equities, Leveraged Equities | MULL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | MULL vs WNTR | |
| Texas Capital Government Money Market ETF | -0.20 | — | — | 100 | Money Market | MULL vs MMKT | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.18 | — | — | 51 | Derivative Income | MULL vs DOGG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MULL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MULL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 1.00 | — | — | 99 | Technology |
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