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
300 ETFs have low correlation with MGC (below 0.3), 62 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 65 | Inverse Equities, Leveraged Equities | MGC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | MGC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | -0.38 | 53 | Cryptocurrency | MGC vs BITI | |
| Invesco DB Energy Fund | -0.25 | -0.07 | 0.08 | 57 | Oil & Gas | MGC vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | MGC vs IBIC |
To view more results, upgrade your current subscription plan.
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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.27, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.27 | -0.08 | 0.09 | 65 | Utilities | |
| Altria Group, Inc. | -0.25 | -0.04 | 0.09 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | 0.00 | 0.21 | 82 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.21 | 0.00 | 0.15 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.20 | 0.05 | 0.18 | 64 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MGC
Add MGC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGC