Looking to balance out your exposure to MGX? The ETFs below have the lowest correlation with MGX — they tend to move on their own, which can help reduce risk when MGX drops. The stock ideas table highlights individual companies that behave independently from MGX.
Best Diversifiers for MGX
0 ETFs have low correlation with MGX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | — | — | 74 | S&P 500 | MGX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astera Labs, Inc. | 0.27 | — | — | 89 | Technology | |
| Advanced Micro Devices, Inc. | 0.29 | — | — | 97 | Technology |
Diversification Analysis
Build a portfolio that complements MGX
Add MGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGX