Looking to balance out your exposure to MTG? The ETFs below have the lowest correlation with MTG — they tend to move on their own, which can help reduce risk when MTG drops. The stock ideas table highlights individual companies that behave independently from MTG.
Best Diversifiers for MTG
4 ETFs have low correlation with MTG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.02, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.02 | 0.22 | 0.37 | 58 | Nasdaq-100 | MTG vs QQQ | |
| State Street Blackstone Senior Loan ETF | 0.05 | 0.27 | 0.37 | 53 | Bank Loan, High Yield Bonds | MTG vs SRLN | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.37 | 0.50 | 66 | S&P 500 | MTG vs SPY | |
| Vanguard S&P 500 ETF | 0.14 | 0.37 | 0.50 | 66 | S&P 500 | MTG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTG and solid risk/return profiles. The least correlated is Warrior Met Coal, Inc. (HCC) (Basic Materials) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warrior Met Coal, Inc. | -0.05 | 0.14 | 0.21 | 77 | Basic Materials | |
| Tenaris S.A. | 0.05 | 0.21 | 0.29 | 86 | Energy | |
| Sezzle Inc. Common Stock | 0.06 | — | — | 55 | Financial Services | |
| Teekay Tankers Ltd. | 0.07 | 0.10 | 0.14 | 86 | Energy | |
| Photronics, Inc. | 0.07 | 0.24 | 0.35 | 68 | Technology |
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