Looking to diversify beyond MGK? The ETFs below have the lowest correlation with MGK — 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 MGK.
Best Diversifiers for MGK
366 ETFs have low correlation with MGK (below 0.3), 80 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 | MGK vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | MGK vs WNTR | |
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | — | 53 | Cryptocurrency | MGK vs BITI | |
| Invesco DB Energy Fund | -0.24 | -0.07 | 0.04 | 57 | Oil & Gas | MGK vs DBE | |
| VanEck Energy Income ETF | -0.24 | 0.10 | 0.25 | 80 | Energy Equities | MGK vs EINC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGK and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.35, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.35 | -0.15 | -0.01 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.17 | -0.03 | 65 | Utilities | |
| The Southern Company | -0.31 | -0.17 | 0.02 | 58 | Utilities | |
| The Coca-Cola Company | -0.30 | -0.12 | 0.10 | 82 | Consumer Defensive | |
| Verizon Communications Inc. | -0.30 | -0.15 | 0.00 | 57 | Communication Services |
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