Looking to balance out your exposure to MGRX? The ETFs below have the lowest correlation with MGRX — they tend to move on their own, which can help reduce risk when MGRX drops. The stock ideas table highlights individual companies that behave independently from MGRX.
No Diversifiers Found for MGRX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGRX and solid risk/return profiles. The least correlated is Opendoor Technologies Inc. (OPEN) (Real Estate) with a 1Y correlation of 0.11, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Opendoor Technologies Inc. | 0.11 | 0.15 | — | 96 | Real Estate | |
| Kraken Robotics Inc | 0.17 | 0.07 | — | 92 | Technology |
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