Looking to balance out your exposure to MYRG? The ETFs below have historically moved differently from MYRG, 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 MYRG
0 ETFs have low correlation with MYRG (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 0.50, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.50 | 0.49 | 0.51 | 67 | S&P 500 | MYRG vs SPY | |
| iShares U.S. Digital Infrastructure and Real Estat... | 0.53 | 0.50 | 0.51 | 63 | Technology Equities | MYRG vs IDGT | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.61 | 0.47 | 0.47 | 90 | Leveraged Equities, Semiconductors | MYRG vs SOXL | |
| Global X US Infrastructure Development ETF | 0.62 | 0.63 | 0.64 | 52 | Infrastructure Equities, Industrials Equities | MYRG vs PAVE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MYRG, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.24, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.24 | 0.01 | 0.16 | 67 | Financial Services | |
| HCI Group, Inc. | -0.06 | 0.10 | 0.17 | 66 | Financial Services | |
| MPLX LP | 0.03 | 0.18 | 0.23 | 79 | Energy | |
| Amgen Inc. | 0.05 | 0.12 | 0.16 | 80 | Healthcare | |
| Alliance Resource Partners, L.P. | 0.07 | 0.11 | 0.17 | 54 | Energy |
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