Looking to balance out your exposure to MURGY? The ETFs below have the lowest correlation with MURGY — they tend to move on their own, which can help reduce risk when MURGY drops. The stock ideas table highlights individual companies that behave independently from MURGY.
Best Diversifiers for MURGY
3 ETFs have low correlation with MURGY (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.18 | -0.13 | 67 | Leveraged Currency | MURGY vs YCS | |
| Invesco Ultra Short Duration ETF | 0.15 | 0.14 | 0.10 | 100 | Ultrashort Bond | MURGY vs GSY | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.29 | 0.37 | 66 | S&P 500 | MURGY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MURGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MURGY and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.08 | 0.09 | 0.15 | 66 | Consumer Cyclical | |
| Exxon Mobil Corporation | -0.08 | 0.00 | 0.15 | 86 | Energy | |
| Lockheed Martin Corporation | 0.02 | 0.10 | 0.13 | 53 | Industrials | |
| Lincoln Educational Services Corporation | 0.03 | 0.10 | 0.11 | 89 | Consumer Defensive | |
| Fortinet, Inc. | 0.04 | 0.13 | 0.19 | 65 | Technology |
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