Looking to diversify beyond MGOV? The ETFs below have the lowest correlation with MGOV — 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 MGOV.
Best Diversifiers for MGOV
758 ETFs have low correlation with MGOV (below 0.3), 58 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | — | — | 58 | Oil & Gas | MGOV vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | — | — | 57 | Commodities | MGOV vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.36 | -0.21 | -0.21 | 53 | Commodities | MGOV vs COMT | |
| DoubleLine Commodity Strategy ETF | -0.34 | — | — | 55 | Commodities | MGOV vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.30 | -0.16 | -0.16 | 60 | Commodities | MGOV vs DBC |
See all 1198 diversifiers for MGOV
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Diversification Analysis
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