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High CorrelationLow Correlation

35 Stocks and 65 ETFs for diversifying MGM Resorts International (MGM)

The least correlated asset to MGM Resorts International (MGM) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.7787.

Stocks that lowly correlated with MGM

SymbolName
Market cap
SectorIndustry
Correlation
NPACNew Providence Acquisition Corp III - Class A$397MFinancial ServicesShell Companies-0.72
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.59
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.56
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.56
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.56
TVATexas Ventures Acquisition III Corp - Class A$236MFinancial ServicesShell Companies-0.56
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.53
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.53
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.53
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$71MFinancial ServicesShell Companies-0.53
ENGSEnergys Group Ltd$12MIndustrialsWaste Management-0.51
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.51
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.49
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.49
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.47
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.46
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.45
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.45
ALPSAlpine Summit Energy Partners Inc$24MN/AOil & Gas-0.44
WTFWaton Financial Ltd$141MFinancial ServicesCapital Markets-0.44
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.44
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.44
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.43
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.43
OMDAOmada Health Inc$975MHealthcareHealth Information Services-0.42
SDHIUSiddhi Acquisition Corp - Units (1 Ord class A & 1/10 Rts)$73MFinancial ServicesShell Companies-0.40
ISOUIsoEnergy Ltd$662MEnergyUranium-0.40
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.40
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.40
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.40
DYCQDT Cloud Acquisition Corp$23MFinancial ServicesShell Companies-0.40
GTENGores Holdings X Inc - Class A$466MFinancial ServicesShell Companies-0.39
COOTAustralian Oilseeds Holdings Ltd$18MConsumer DefensivePackaged Foods-0.39
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.39
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.38

ETFs that lowly correlated with MGM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.78
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.71
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.70
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.70
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.69
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.69
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.69
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.68
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.68
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.67
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.67
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.67
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.66
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.65
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.65
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.65
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.64
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.64
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.63
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.63
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.61
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.60
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.59
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.59
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.58
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.57
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.57
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.57
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.57
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.57
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.56
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.55
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.55
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.55
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.54
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.54
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.53
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.52
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.52
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.50
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.50
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.49
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.48
VTELVanguard LongTerm TaxExempt Bond ETF$259M0.09%May 20, 2025-0.47
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.47
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.46
OILDBank of Montreal$19MN/ANov 8, 2021-0.46
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.46
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.46
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.45
MUNYVanguard New York TaxExempt Bond ETF$372M0.09%May 20, 2025-0.44
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.43
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.43
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.42
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.42
TRSYXtrackers US 0-1 Year Treasury ETF$74M0.06%Oct 8, 2024-0.42
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.42
OKLLDefiance Daily Target 2x Long OKLO ETF$293MN/AJun 23, 2025-0.42
FNGDBank of Montreal$68MN/AJan 22, 2018-0.40
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.39
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.38
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.38