Looking to diversify beyond MGMT? The ETFs below have the lowest correlation with MGMT — 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 MGMT.
Best Diversifiers for MGMT
185 ETFs have low correlation with MGMT (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.30 | -0.34 | 57 | Cryptocurrency | MGMT vs BITI | |
| Invesco DB Energy Fund | -0.20 | -0.00 | 0.16 | 53 | Oil & Gas | MGMT vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | -0.03 | -0.03 | 98 | Inflation-Protected Bonds | MGMT vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | — | — | 96 | Inflation-Protected Bonds | MGMT vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | MGMT vs CSHP |
See all 1131 diversifiers for MGMT
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MGMT
Add MGMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGMT