Looking to diversify beyond MGV? The ETFs below have historically moved differently from MGV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MGV
303 ETFs have low correlation with MGV (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.27 | — | 61 | Cryptocurrency | MGV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MGV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | MGV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | MGV vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.07 | — | 56 | Options Trading | MGV vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MGV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of 0.02, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | 0.02 | 0.24 | 0.35 | 70 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.21 | 0.25 | 85 | Energy | |
| CrowdStrike Holdings, Inc. | 0.05 | 0.23 | 0.29 | 80 | Technology | |
| Palo Alto Networks, Inc. | 0.05 | 0.23 | 0.30 | 88 | Technology | |
| BP p.l.c. | 0.08 | 0.22 | 0.37 | 84 | Energy |
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