Looking to balance out your exposure to MYRG? The ETFs below have the lowest correlation with MYRG — they tend to move on their own, which can help reduce risk when MYRG drops. The stock ideas table highlights individual companies that behave independently from MYRG.
Best Diversifiers for MYRG
0 ETFs have low correlation with MYRG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.50, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.50 | 0.45 | 0.45 | 58 | Nasdaq-100 | MYRG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.49 | 0.51 | 66 | S&P 500 | MYRG vs SPY | |
| iShares U.S. Digital Infrastructure and Real Estat... | 0.51 | 0.50 | 0.51 | 80 | Technology Equities | MYRG vs IDGT | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.56 | 0.46 | 0.47 | 93 | Leveraged Equities, Semiconductors | MYRG vs SOXL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MYRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MYRG and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.20, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.20 | 0.02 | 0.18 | 68 | Financial Services | |
| HCI Group, Inc. | -0.03 | 0.11 | 0.18 | 71 | Financial Services | |
| MPLX LP | 0.06 | 0.19 | 0.24 | 82 | Energy | |
| Sigma Lithium Resources Corp | 0.08 | 0.15 | 0.17 | 80 | Basic Materials | |
| Amgen Inc. | 0.09 | 0.13 | 0.17 | 73 | Healthcare |
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