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
284 ETFs have low correlation with MGK (below 0.3), 42 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | MGK vs IBIC | |
| United States Gasoline Fund LP | -0.19 | -0.05 | 0.03 | 55 | Oil & Gas | MGK vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 98 | Ultrashort Bond | MGK vs BAMU | |
| Tortoise North American Pipeline Fund | -0.17 | 0.10 | 0.26 | 60 | Energy Equities | MGK vs TPYP | |
| VanEck Energy Income ETF | -0.17 | 0.12 | 0.26 | 64 | 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 -0.30, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.30 | -0.13 | -0.00 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.28 | -0.09 | 0.10 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.27 | -0.10 | 0.06 | 72 | Energy | |
| Duke Energy Corporation | -0.27 | -0.16 | -0.02 | 62 | Utilities | |
| The Southern Company | -0.26 | -0.15 | 0.03 | 55 | Utilities |
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