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High CorrelationLow Correlation

37 Stocks and 63 ETFs for diversifying MGM Resorts International (MGM)

The least correlated asset to MGM Resorts International (MGM) is ETF HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares). The correlation is -0.7643.

Stocks that lowly correlated with MGM

SymbolName
Market cap
SectorIndustry
Correlation
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.72
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.71
MIAXMiami International Holdings Inc$4BFinancial ServicesCapital Markets-0.70
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.63
TMUSITMobile US Inc 5.500 Senior Notes due June 2070$23BN/AN/A-0.59
TMUSZTMobile US Inc 5.500 Senior Notes due March 2070$24BN/AN/A-0.59
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.57
OFSSOOFS Capital Corp$341MN/AN/A-0.56
LEGTLegato Merger Corp. III$197MFinancial ServicesShell Companies-0.54
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.54
WTFWaton Financial Ltd$132MFinancial ServicesCapital Markets-0.54
RDACRRising Dragon Acquisition Corp$140KN/AN/A-0.52
BBOTBridgeBio Oncology Therapeutics Inc Com$674MHealthcareBiotechnology-0.52
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.50
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.49
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$9.15MFinancial ServicesShell Companies-0.49
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.48
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.47
METCIRamaco Resources Inc$1.12BN/AN/A-0.47
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.46
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.46
YMTYimutian Inc$111MTechnologySoftware - Application-0.46
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.45
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.44
TVATexas Ventures Acquisition III Corp - Class A$237MFinancial ServicesShell Companies-0.44
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.44
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$73MFinancial ServicesShell Companies-0.44
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.43
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.43
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies-0.43
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.43
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.43
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.42
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.42
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.42
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.42

ETFs that lowly correlated with MGM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.76
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.75
PDDLGRANITESHARES 2X LONG PDD DAILY ETF $7.60MN/AJul 14, 2025-0.71
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.70
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.69
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.69
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.69
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.68
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.68
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.68
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.67
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.67
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.66
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.66
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.65
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.65
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.64
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.64
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.64
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.64
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.63
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.63
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.62
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.61
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.61
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.61
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.58
RCTRFIRST TRUST BLOOMBERG NUCLEAR POWER ETF $27M0.70%Jul 29, 2025-0.58
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.58
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.57
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.57
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $32M1.04%Apr 1, 2025-0.57
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.56
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.56
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.55
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.54
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.54
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.54
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.54
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.54
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.53
RSSXRETURN STACKED(R) U.S. STOCKS & GOLD/BITCOIN ETF $57M0.67%May 29, 2025-0.53
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.52
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.52
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.52
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.50
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.50
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.50
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.50
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.50
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.48
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.48
HFGMUNLIMITED HFGM GLOBAL MACRO ETF $152M1.01%Apr 14, 2025-0.48
HFMFUNLIMITED HFMF MANAGED FUTURES ETF $22M0.97%Jul 14, 2025-0.47
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.45
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.45
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.43
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.43
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.42
GBUGSprott Active Gold & Silver Miners$141M0.90%Feb 19, 2025-0.42
GOOWROUNDHILL GOOGL WEEKLYPAY ETF $85MN/AJul 23, 2025-0.42