Looking to balance out your exposure to MGYR? The ETFs below have the lowest correlation with MGYR — they tend to move on their own, which can help reduce risk when MGYR drops. The stock ideas table highlights individual companies that behave independently from MGYR.
Best Diversifiers for MGYR
1 ETFs have low correlation with MGYR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.10 | 0.10 | 70 | S&P 500 | MGYR vs SPY |
Diversification Analysis
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