Looking to diversify beyond MDYG? The ETFs below have the lowest correlation with MDYG — 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 MDYG.
Best Diversifiers for MDYG
250 ETFs have low correlation with MDYG (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.36 | -0.39 | 57 | Cryptocurrency | MDYG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MDYG vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | MDYG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | MDYG vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.24 | -0.30 | 51 | Currency | MDYG vs UUP |
See all 1545 diversifiers for MDYG
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MDYG
Add MDYG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDYG