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
892 ETFs have low correlation with MGOV (below 0.3), 62 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.25 | -0.25 | 71 | Oil & Gas | MGOV vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.24 | -0.24 | 65 | Oil & Gas | MGOV vs DBO | |
| United States Brent Oil Fund LP | -0.40 | -0.24 | -0.24 | 65 | Oil & Gas | MGOV vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | — | — | 71 | Commodities | MGOV vs GSG | |
| iShares Commodities Select Strategy ETF | -0.34 | — | — | 70 | Commodities | MGOV vs COMT |
See all 1183 diversifiers for MGOV
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