Looking to balance out your exposure to MTG? The ETFs below have historically moved differently from MTG, 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 MTG
3 ETFs have low correlation with MTG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Blackstone Senior Loan ETF (SRLN) (Bank Loan) with a 1Y correlation of 0.04, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Blackstone Senior Loan ETF | 0.04 | 0.27 | 0.37 | 59 | Bank Loan, High Yield Bonds | MTG vs SRLN | |
| Vanguard S&P 500 ETF | 0.10 | 0.35 | 0.49 | 68 | S&P 500 | MTG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.35 | 0.49 | 67 | S&P 500 | MTG vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTG, 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 Warrior Met Coal, Inc. (HCC) (Basic Materials) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warrior Met Coal, Inc. | -0.06 | 0.14 | 0.20 | 76 | Basic Materials | |
| Argan, Inc. | -0.06 | 0.15 | 0.22 | 89 | Industrials | |
| Apache Corporation | -0.05 | 0.19 | 0.30 | 90 | Energy | |
| Tenaris S.A. | 0.01 | 0.20 | 0.28 | 94 | Energy | |
| Adeia Inc | 0.01 | 0.23 | 0.31 | 87 | Technology |
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