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31 Stocks and 69 ETFs for diversifying MSMR (MCELHENNY SHEFFIELD MANAGED RISK ETF)

The least correlated asset to MSMR (MCELHENNY SHEFFIELD MANAGED RISK ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with MSMR

SymbolName
Market cap
SectorIndustry
Correlation
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.80
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.68
SIShoulder Innovations Inc$452MN/AN/A-0.66
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.64
CAPSCapstone Holding Corp$2.58MBasic MaterialsBuilding Materials-0.62
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.57
COEPCoeptis Therapeutics Holdings Inc. Common Stock$22MHealthcareBiotechnology-0.56
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.55
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.53
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.52
GIBOGIBO Holdings Ltd$106MCommunication ServicesInternet Content & Information-0.52
VACHVoyager Acquisition Corp - Class A$279MFinancial ServicesShell Companies-0.50
TGHLGrowhub Ltd (The) - Class A$19MTechnologySoftware - Infrastructure-0.50
WTGWintergreen Acquisition Corp$58MFinancial ServicesShell Companies-0.48
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.48
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.48
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.47
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.47
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.47
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.45
LMNXLuminex Corp$620MN/AN/A-0.44
LZMHLZ Technology Holdings Ltd - Class B$9.02MTechnologyInformation Technology Services-0.42
SCAQUStratim Cloud Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$286MN/AN/A-0.41
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.40
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.40
EURKUEureka Acquisition Corp - Units (1 Ord Class A & 1 Rts)$53MFinancial ServicesShell Companies-0.39
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.39
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.39
PCLNPriceline.com Inc$906MN/AN/A-0.39
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.39
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with MSMR

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-1.00
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.72
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.72
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.69
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.68
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.68
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.67
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.66
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.66
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.66
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.65
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.65
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.65
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.65
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.65
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.65
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.64
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.63
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.63
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.62
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.60
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.60
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.60
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.59
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.59
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.57
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.57
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.57
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.55
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.55
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.55
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.52
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.52
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.51
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.50
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.50
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.50
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.49
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.48
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.48
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.47
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.47
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.47
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.47
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.46
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.46
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.45
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.45
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.44
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.44
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.44
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.43
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.43
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.43
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.42
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.42
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.41
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.41
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.41
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.41
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.40
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.40
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.38
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.38
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.38