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
1 ETFs have low correlation with MGRC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.26, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.26 | 0.34 | 0.37 | 53 | Nasdaq-100 | MGRC vs QQQ | |
| Vanguard S&P 500 ETF | 0.33 | 0.41 | 0.45 | 66 | S&P 500 | MGRC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.41 | 0.45 | 65 | S&P 500 | MGRC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGRC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGRC and solid risk/return profiles. The least correlated is Federal Agricultural Mortgage Corporation (AGM) (Financial Services) with a 1Y correlation of 0.27, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Federal Agricultural Mortgage Corporation | 0.27 | 0.36 | 0.42 | 61 | Financial Services |
Build a portfolio that complements MGRC
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