Looking to balance out your exposure to MFG? The ETFs below have historically moved differently from MFG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MFG
2 ETFs have low correlation with MFG (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Insurance ETF (IAK) (Financials Equities) with a 1Y correlation of 0.03, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Insurance ETF | 0.03 | 0.15 | 0.26 | 54 | Financials Equities | MFG vs IAK | |
| Global X Adaptive U.S. Factor ETF | 0.23 | 0.28 | 0.31 | 83 | Mid Cap Value Equities, Multi-factor | MFG vs AUSF | |
| Keating Active ETF | 0.32 | — | — | 77 | Global Allocation | MFG vs KEAT | |
| Invesco Semiconductors ETF | 0.32 | 0.30 | 0.31 | 90 | Semiconductors, Technology Equities | MFG vs PSI | |
| State Street Technology Select Sector SPDR ETF | 0.35 | 0.29 | 0.30 | 62 | Technology Equities | MFG vs XLK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MFG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.11 | 0.06 | 0.15 | 53 | Financial Services | |
| McKesson Corporation | -0.08 | -0.02 | 0.08 | 62 | Healthcare | |
| EOG Resources, Inc. | -0.07 | 0.04 | 0.12 | 73 | Energy | |
| VeriSign, Inc. | -0.06 | 0.03 | 0.11 | 58 | Technology | |
| Plains All American Pipeline, L.P. | -0.06 | 0.13 | 0.20 | 93 | Energy |
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