Looking to diversify beyond MGC? The ETFs below have historically moved differently from MGC, 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 MGC
347 ETFs have low correlation with MGC (below 0.3), 84 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | MGC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | — | 51 | Cryptocurrency | MGC vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.07 | 66 | Oil & Gas | MGC vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | -0.00 | -0.00 | 52 | Derivative Income, Dividend | MGC vs XOMO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | MGC vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MGC, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.30, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.30 | -0.09 | 0.08 | 52 | Utilities | |
| The Coca-Cola Company | -0.26 | -0.01 | 0.18 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.26 | -0.04 | 0.08 | 66 | Consumer Defensive | |
| Chubb Limited | -0.25 | 0.02 | 0.23 | 87 | Financial Services | |
| Occidental Petroleum Corporation | -0.24 | 0.03 | 0.17 | 68 | Energy |
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