Looking to balance out your exposure to MBGYY? The ETFs below have the lowest correlation with MBGYY — they tend to move on their own, which can help reduce risk when MBGYY drops. The stock ideas table highlights individual companies that behave independently from MBGYY.
Best Diversifiers for MBGYY
1 ETFs have low correlation with MBGYY (below 0.3), 0 of which are negatively correlated. The least correlated is SonicShares Global Shipping ETF (BOAT) (Transportation Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SonicShares Global Shipping ETF | 0.28 | 0.29 | — | 73 | Transportation Equities | MBGYY vs BOAT | |
| SPDR Barclays High Yield Bond ETF | 0.36 | 0.36 | — | 60 | High Yield Bonds | MBGYY vs JNK | |
| SPDR Portfolio High Yield Bond ETF | 0.37 | 0.36 | 0.43 | 62 | High Yield Bonds | MBGYY vs SPHY | |
| Invesco QQQ ETF | 0.39 | 0.36 | — | 73 | Nasdaq-100 | MBGYY vs QQQ | |
| Vanguard High Dividend Yield ETF | 0.42 | 0.37 | — | 77 | Dividend | MBGYY vs VYM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MBGYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MBGYY and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.11, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.11 | 0.10 | — | 60 | Energy | |
| Altria Group, Inc. | -0.10 | 0.04 | — | 69 | Consumer Defensive | |
| The Williams Companies, Inc. | -0.08 | 0.10 | — | 66 | Energy | |
| Chevron Corporation | -0.07 | 0.09 | — | 83 | Energy | |
| Apache Corporation | -0.05 | 0.15 | — | 90 | Energy |
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Build a portfolio that complements MBGYY
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