Looking to balance out your exposure to MG? The ETFs below have the lowest correlation with MG — they tend to move on their own, which can help reduce risk when MG drops. The stock ideas table highlights individual companies that behave independently from MG.
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 0.35, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.35 | 0.30 | 0.32 | 76 | Technology Equities | MG vs VGT | |
| iShares Factors US Growth Style ETF | 0.38 | 0.31 | 0.33 | 69 | Large Cap Growth Equities | MG vs STLG | |
| Invesco S&P 500 Momentum ETF | 0.39 | 0.34 | 0.35 | 75 | Momentum, S&P 500 | MG vs SPMO | |
| Vanguard S&P 500 ETF | 0.45 | 0.38 | 0.39 | 70 | S&P 500 | MG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MG and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.14, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.14 | 0.07 | 0.04 | 87 | Healthcare | |
| Novartis AG | 0.22 | 0.15 | 0.15 | 75 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.25 | 0.18 | 0.20 | 95 | Technology | |
| Monolithic Power Systems, Inc. | 0.31 | 0.22 | 0.25 | 93 | Technology | |
| Arteris, Inc. | 0.32 | 0.28 | — | 96 | Technology |
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