Looking to diversify beyond MGV? The ETFs below have the lowest correlation with MGV — 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 MGV.
Best Diversifiers for MGV
264 ETFs have low correlation with MGV (below 0.3), 27 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 60 | Inverse Equities, Leveraged Equities | MGV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | MGV vs WNTR | |
| ProShares UltraShort Yen | -0.23 | -0.08 | -0.05 | 75 | Leveraged Currency | MGV vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | MGV vs RBIL | |
| United States Gasoline Fund LP | -0.14 | 0.01 | 0.14 | 72 | Oil & Gas | MGV vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGV and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.05, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.05 | 0.23 | 0.29 | 75 | Technology | |
| Occidental Petroleum Corporation | 0.06 | 0.26 | 0.36 | 60 | Energy | |
| Palo Alto Networks, Inc. | 0.07 | 0.23 | 0.30 | 82 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.22 | 0.25 | 78 | Energy | |
| AppLovin Corporation | 0.08 | 0.18 | 0.25 | 65 | Communication Services |
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