Looking to balance out your exposure to MKGAF? The ETFs below have the lowest correlation with MKGAF — they tend to move on their own, which can help reduce risk when MKGAF drops. The stock ideas table highlights individual companies that behave independently from MKGAF.
Best Diversifiers for MKGAF
1 ETFs have low correlation with MKGAF (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.22, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.16 | 0.19 | 70 | S&P 500 | MKGAF vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MKGAF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MKGAF and solid risk/return profiles. The least correlated is Entegris, Inc. (ENTG) (Technology) with a 1Y correlation of 0.18, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Entegris, Inc. | 0.18 | 0.17 | 0.16 | 81 | Technology | |
| Thermo Fisher Scientific Inc. | 0.21 | 0.24 | 0.24 | 56 | Healthcare |
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