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 Global X SuperDividend U.S. ETF (DIV) (Mid Cap Value Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X SuperDividend U.S. ETF | 0.24 | 0.30 | — | 59 | Mid Cap Value Equities, Dividend | MBGYY vs DIV | |
| SonicShares Global Shipping ETF | 0.30 | 0.29 | — | 83 | Transportation Equities | MBGYY vs BOAT | |
| State Street SPDR Bloomberg High Yield Bond ETF | 0.36 | 0.36 | — | 61 | High Yield Bonds | MBGYY vs JNK | |
| SPDR Portfolio High Yield Bond ETF | 0.37 | 0.36 | — | 65 | High Yield Bonds | MBGYY vs SPHY | |
| Invesco QQQ ETF | 0.41 | 0.36 | — | 64 | Nasdaq-100 | MBGYY vs QQQ |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.01 | 0.07 | 78 | Consumer Defensive | |
| Kinder Morgan, Inc. | -0.11 | 0.09 | 0.17 | 74 | Energy | |
| The Williams Companies, Inc. | -0.09 | 0.09 | — | 79 | Energy | |
| Chevron Corporation | -0.04 | 0.10 | — | 72 | Energy | |
| Apache Corporation | -0.02 | 0.15 | — | 88 | Energy |
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Build a portfolio that complements MBGYY
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