Looking to diversify beyond MGC? The ETFs below have the lowest correlation with MGC — 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 MGC.
Best Diversifiers for MGC
228 ETFs have low correlation with MGC (below 0.3), 26 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.23 | -0.05 | 0.07 | 55 | Oil & Gas | MGC vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | MGC vs IBIC | |
| ProShares UltraShort Yen | -0.18 | -0.02 | -0.01 | 63 | Leveraged Currency | MGC vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 95 | Inflation-Protected Bonds | MGC vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.14 | — | — | 98 | Ultrashort Bond | MGC vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.02 | 0.11 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.20 | 0.01 | 0.16 | 72 | Energy | |
| Duke Energy Corporation | -0.19 | -0.04 | 0.08 | 62 | Utilities | |
| The Coca-Cola Company | -0.18 | 0.02 | 0.20 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.17 | 0.04 | 0.18 | 70 | Energy |
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