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81 Stocks and 19 ETFs for diversifying Madrigal Pharmaceuticals (MDGL)

The least correlated asset to Madrigal Pharmaceuticals (MDGL) is company Generation Essentials Group (TGE). The correlation is -0.7634.

Stocks that lowly correlated with MDGL

SymbolName
Market cap
SectorIndustry
Correlation
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.76
NAMMNamib Minerals.$77MBasic MaterialsGold-0.71
MCRPMicropolis Holding Company$86MTechnologyComputer Hardware-0.65
TACOBerto Acquisition Corp$315MFinancial ServicesShell Companies-0.62
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.62
GPATUGP-Act III Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$68MFinancial ServicesShell Companies-0.62
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.61
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.60
CEPOCantor Equity Partners I Inc - Class A$270MFinancial ServicesShell Companies-0.59
FVNFuture Vision II Acquisition Corporation$62MFinancial ServicesShell Companies-0.57
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.56
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.56
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.56
VOYGVoyager Technologies Inc - Class A$2.83BIndustrialsAerospace & Defense-0.55
AIROAIRO Group Holdings Inc$229MIndustrialsAerospace & Defense-0.54
AIMAIM ImmunoTech Inc.$1.74MHealthcareBiotechnology-0.54
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies-0.51
RTACURenatus Tactical Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$75MFinancial ServicesShell Companies-0.51
WFFWF Holding Ltd$10MIndustrialsSpecialty Industrial Machinery-0.50
KWMK Wave Media Ltd$16MCommunication ServicesEntertainment-0.49
KFIIK&F Growth Acquisition Corp II$312MFinancial ServicesShell Companies-0.49
RYETRuanyun Edai Technology Inc$28MConsumer DefensiveEducation & Training Services-0.49
TACOUBerto Acquisition Corp - Units (1 Ord & 1/2 War)$83MFinancial ServicesShell Companies-0.48
CHARCHAPARRAL RESOURCES INC$91MFinancial ServicesShell Companies-0.46
PRMBPrimo Brands Corp - Class A$8.97BConsumer DefensiveBeverages - Non-alcoholic-0.46
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.46
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.46
NEE-P-SNextEra Energy Inc 7.299 Corporate Units$113BN/AN/A-0.46
THRDThird Harmonic Bio Inc$242MHealthcareBiotechnology-0.46
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.45
DMAADrugs Made In America Acquisition Corp$244MFinancial ServicesShell Companies-0.45
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.44
TWGTop Wealth Group Holding Ltd$133MConsumer DefensiveFood Distribution-0.44
CRWVCoreWeave Inc - Class A$55BTechnologySoftware - Infrastructure-0.44
VGVenture Global Inc - Class A$30BEnergyOil & Gas Midstream-0.44
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.44
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.44
NHICUNewHold Investment Corp II - Units (1 Ord Share Class A & 1/2 War)$210MN/AN/A-0.43
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.43
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.43
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.43
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.43
OACCOaktree Acquisition Corp III Life Sciences - Class A$205MFinancial ServicesShell Companies-0.42
CCECCapital Clean Energy Carriers Corp$1.33BIndustrialsMarine Shipping-0.42
FACTFACT II Acquisition Corp - Class A$197MFinancialsInvestment Holding Companies-0.42
DAAQUDigital Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$53MFinancial ServicesShell Companies-0.42
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.42
HSPTRHorizon Space Acquisition II Corp Right$763KN/AN/A-0.42
LPBBLaunch Two Acquisition Corp$246MFinancial ServicesShell Companies-0.42
BOWNRBowen Acquisition Corp$510KN/AN/A-0.42
JACSJackson Acquisition Company II Class A$244MFinancial ServicesShell Companies-0.41
SDHIUSiddhi Acquisition Corp - Units (1 Ord class A & 1/10 Rts)$73MFinancial ServicesShell Companies-0.41
PLMKPlum Acquisition Corp IV - Class A$197MFinancial ServicesShell Companies-0.40
VEEAVeea Inc$35MTechnologyInformation Technology Services-0.40
IMRABITWISE MARA OPTION INCOME STRATEGY ETF $914MN/AN/A-0.40
SMASmartstop Self Storage REIT Inc$1.74BReal EstateReit - Industrial-0.39
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.39
CJMBCallan Jmb Inc$4.15MIndustrialsIntegrated Freight & Logistics-0.39
AACBUArtius II Acquisition Inc - Units (1 Ord Shs & 1 Rts)$233MFinancial ServicesShell Companies-0.39
DCOMGDime Community Bancshares Inc 9.000 FixedtoFloating Rate Subordinated Notes due 2034$1.14BN/AN/A-0.39
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.39
GITSGlobal Interactive Technologies Inc Common Stock$5.88MCommunication ServicesInternet Content & Information-0.39
ARDTArdent Health Partners Inc$1.35BHealthcareMedical Care Facilities-0.38
GELSGelteq Ltd$4.41MHealthcareDrug Manufacturers - Specialty & Generic-0.38
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.38
NTWON/A$184MFinancial ServicesShell Companies-0.37
SAROStandardAero Inc$9.14BIndustrialsAerospace & Defense-0.37
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.37
OSTOstin Technology Group Co Ltd$3.87MTechnologyElectronic Components-0.37
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.36
LINELineage Inc$9.85BReal EstateReit - Industrial-0.36
FAASDigiAsia Corp$4.92MTechnologySoftware - Infrastructure-0.36
HVIIUHennessy Capital Investment Corp VII - Units (1 Ord Shs & 1 Rts)$205MFinancial ServicesShell Companies-0.36
ATHRAether Holdings Inc$43MTechnologySoftware - Application-0.36
GRNDGrindr Inc - Class A$2.26BTechnologySoftware - Application-0.36
BEAGBold Eagle Acquisition Corp$273MFinancial ServicesShell Companies-0.36
POLEAndretti Acquisition Corp II - Class A$247MFinancial ServicesShell Companies-0.36
ATIIUArchimedes Tech SPAC Partners II Co. - Units (1 Ord & 1/2 War)$294MFinancial ServicesShell Companies-0.35
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.35
FGMCUFG Merger II Corp - Units (1 Ord & 1/2 War)$97MFinancial ServicesShell Companies-0.35
ALDFAldel Financial II Inc$245MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with MDGL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
BOXXALPHA ARCHITECT 1-3 MONTH BOX ETF $11B0.19%Dec 27, 2022-0.67
SMCYYIELDMAX(R) SMCI OPTION INCOME STRATEGY ETF $106M1.01%Sep 11, 2024-0.64
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.52
IMSTBITWISE MSTR OPTION INCOME STRATEGY ETF $18M0.96%Apr 1, 2025-0.50
LDRHISHARES IBONDS 1-5 YEAR HIGH YIELD AND INCOME LADDER ETF $7.90M0.35%Nov 7, 2024-0.50
TEXNiShares Texas Equity ETF$17M0.20%Jun 23, 2025-0.48
SMCXDefiance Daily Target 2x Long SMCI ETF$106MN/AAug 21, 2024-0.46
CTASIMPLIFY MANAGED FUTURES STRATEGY ETF $1.70B0.75%Mar 7, 2022-0.46
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.45
PLTZDefiance Daily Target 2x Short PLTR ETF$29MN/AJun 5, 2025-0.45
VRTLGRANITESHARES 2X LONG VRT DAILY ETF $64MN/AMar 24, 2025-0.44
KDEFPLUS KOREA DEFENSE INDUSTRY INDEX ETF $202M0.65%Feb 4, 2025-0.43
ELFYALPS Electrification Infrastructure ETF$181M0.50%Apr 9, 2025-0.42
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.42
DIVNHORIZON DIVIDEND INCOME ETF $147M0.70%Jun 25, 2025-0.42
INTLMAIN INTERNATIONAL ETF $222M0.84%Dec 1, 2022-0.40
IDEFiShares Defense Industrials Active ETF$3.50B0.55%May 19, 2025-0.39
SHRTGOTHAM SHORT STRATEGIES ETF $17M1.35%Jul 31, 2017-0.36
EDGH3EDGE DYNAMIC HARD ASSETS ETF $128M1.01%Oct 2, 2024-0.35