Looking to balance out your exposure to MG? The ETFs below have historically moved differently from MG, 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 MG
0 ETFs have low correlation with MG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.34 | 0.31 | 0.33 | 60 | Technology Equities | MG vs VGT | |
| JPMorgan Equity Premium Income ETF | 0.35 | 0.36 | 0.35 | 56 | Dividend, Derivative Income | MG vs JEPI | |
| iShares Factors US Growth Style ETF | 0.37 | 0.33 | 0.35 | 69 | Large Cap Growth Equities | MG vs STLG | |
| Invesco S&P 500 Momentum ETF | 0.38 | 0.34 | 0.36 | 51 | Momentum, S&P 500 | MG vs SPMO | |
| Vanguard S&P 500 ETF | 0.41 | 0.38 | 0.39 | 78 | S&P 500 | MG vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MG, 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 Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.12 | 0.08 | 0.05 | 95 | Healthcare | |
| Novartis AG | 0.19 | 0.16 | 0.15 | 86 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.30 | 0.21 | 0.23 | 88 | Technology | |
| Monolithic Power Systems, Inc. | 0.31 | 0.24 | 0.27 | 81 | Technology | |
| Newmont Corporation | 0.32 | 0.25 | 0.17 | 75 | Basic Materials |
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