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
713 ETFs have low correlation with MGOV (below 0.3), 43 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.27 | — | — | 60 | Systematic Trend | MGOV vs FFUT | |
| First Trust Energy AlphaDEX Fund | -0.26 | -0.11 | -0.11 | 54 | Energy Equities | MGOV vs FXN | |
| Bastion Energy ETF | -0.25 | — | — | 85 | Energy Equities | MGOV vs BESF | |
| iShares Enhanced Short-Term Bond Active ETF | -0.25 | — | — | 99 | Ultrashort Bond | MGOV vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | — | — | 79 | Commodities | MGOV vs FAAR |
See all 1122 diversifiers for MGOV
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Diversification Analysis
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