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51 Stocks and 49 ETFs for diversifying MGE Energy (MGEE)

The least correlated asset to MGE Energy (MGEE) is company Hinge Health (HNGE). The correlation is -0.6854.

Stocks that lowly correlated with MGEE

SymbolName
Market cap
SectorIndustry
Correlation
HNGEHinge Health Inc - Class A$4.21BHealthcareHealth Information Services-0.69
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.68
JLJ-Long Group Ltd$24MConsumer CyclicalApparel Manufacturing-0.64
DHCADHC Acquisition Corp - Class A$16MN/AN/A-0.59
DXFN/A$2.89MFinancial ServicesCredit Services-0.57
AKUSAkouos Inc$490MN/AN/A-0.55
PCPremium Catering (Holdings) Ltd$30MIndustrialsSpecialty Business Services-0.55
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.53
RIBBRibbon Acquisition Corp$42MFinancial ServicesShell Companies-0.53
LSELeishen Energy Holding Co Ltd$77MEnergyOil & Gas Equipment & Services-0.51
BDMDBaird Medical Investment Holdings Ltd .$44MHealthcareMedical Devices-0.51
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.51
GENVRGen Digital Inc$1.02BN/AN/A-0.50
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.49
INLFINLIF Ltd$68MIndustrialsSpecialty Industrial Machinery-0.49
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.47
DYCQRDT Cloud Acquisition Corp$474KN/AN/A-0.46
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.44
OSTXOS Therapies Inc$74MHealthcareBiotechnology-0.44
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.43
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.42
PTHSChannel Therapeutics Corporation$91MHealthcareBiotechnology-0.42
STAIScanTech AI Systems Inc. Common stock$293KIndustrialsBuilding Products & Equipment-0.42
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.41
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.41
HMCOUHumanCo Acquisition Corp - Units (1 Ord Class A & 1/2 War)$386MN/AN/A-0.41
CSAICloudastructure Inc - Class A$8.98MTechnologySoftware - Infrastructure-0.40
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.39
SAILSailpoint Inc$8.77BTechnologySoftware - Infrastructure-0.39
PSIGPS International Group Ltd$21MIndustrialsIntegrated Freight & Logistics-0.38
YHNARYHN Acquisition I Ltd$193KN/AN/A-0.38
RALRalliant Corporation$6.99BN/AN/A-0.38
IPODDune Acquisition Corporation II Class A Ordinary Shares$150MFinancial ServicesShell Companies-0.38
GPATUGP-Act III Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$68MFinancial ServicesShell Companies-0.37
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.36
AIFUAIFU Inc - Class A$428MFinancial ServicesInsurance Brokers-0.36
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.36
NETDNabors Energy Transition Corp II - Class A$73MFinancial ServicesShell Companies-0.36
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.35
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.35
FAASDigiAsia Corp$4.92MTechnologySoftware - Infrastructure-0.35
SVFAUSVF Investment Corp - Units (1 Ord Share Class A & 1/5 War)$766MN/AN/A-0.35
CICBCION Investment Corporation 7.50 Notes due 2029$1.26BN/AN/A-0.34
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.33
CMNDClearmind Medicine Inc$2.88MHealthcareBiotechnology-0.33
TOROToro Corp$111MEnergyOil & Gas Midstream-0.33
CCVChurchill Capital Corp V - Class A$284MN/AN/A-0.32
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.32
NOACNatural Order Acquisition Corp$289MN/AN/A-0.32
ZEOZeo Energy Corp - Class A$16MTechnologySolar-0.32
PLRZPolyrizon Ltd$27MHealthcareBiotechnology-0.31

ETFs that lowly correlated with MGEE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.66
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.59
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.58
TOAKTWIN OAK SHORT HORIZON ABSOLUTE RETURN ETF $79M0.25%Aug 19, 2024-0.54
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $26MN/AApr 24, 2025-0.53
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.52
MYCFSPDR SSGA My2026 Corporate Bond ETF$46M0.15%Sep 23, 2024-0.47
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.45
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.45
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.44
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.43
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.43
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.43
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.43
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.43
CRMGLEVERAGE SHARES 2X LONG CRM DAILY ETF $31MN/AFeb 9, 2026-0.43
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.42
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.42
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.41
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.40
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.40
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.40
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.40
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.40
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.39
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.38
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.38
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.37
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.37
CERYSPDR BLOOMBERG ENHANCED ROLL YIELD COMMODITY STRATEGY NO K-1 ETF $1.10B0.28%Sep 4, 2024-0.37
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.37
COIIREX COIN GROWTH & INCOME ETF $2.80MN/AJun 3, 2025-0.37
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.37
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.37
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.35
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.35
SMCYYIELDMAX(R) SMCI OPTION INCOME STRATEGY ETF $106M1.01%Sep 11, 2024-0.35
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.34
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.34
CBXACalamos Bitcoin 90 Series Structured Alt Protection ETF April$4.50M0.69%Apr 7, 2025-0.34
EDGH3EDGE DYNAMIC HARD ASSETS ETF $128M1.01%Oct 2, 2024-0.33
QCMLGRANITESHARES 2X LONG QCOM DAILY ETF $30MN/AFeb 12, 2025-0.32
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.32
QCMUDirexion Daily QCOM Bull 2X ETF$22MN/AJun 24, 2025-0.32
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.32
SOFRAmplify Samsung SOFR ETF$423M0.20%Nov 14, 2023-0.32
TSYYGRANITESHARES YIELDBOOST TSLA ETF $126M1.15%Dec 17, 2024-0.32
MYCGSPDR SSGA My2027 Corporate Bond ETF$30M0.15%Sep 23, 2024-0.32