Looking to balance out your exposure to MGRC? The ETFs below have the lowest correlation with MGRC — they tend to move on their own, which can help reduce risk when MGRC drops. The stock ideas table highlights individual companies that behave independently from MGRC.
Best Diversifiers for MGRC
2 ETFs have low correlation with MGRC (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.17, down from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.17 | 0.27 | — | 52 | Gold | MGRC vs GDE | |
| Invesco QQQ ETF | 0.29 | 0.34 | 0.37 | 74 | Nasdaq-100 | MGRC vs QQQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.42 | 0.46 | 74 | S&P 500 | MGRC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.42 | 0.46 | 74 | S&P 500 | MGRC vs SPY |
Diversification Analysis
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