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High CorrelationLow Correlation

50 Stocks and 50 ETFs for diversifying MGIC Investment (MTG)

The least correlated asset to MGIC Investment (MTG) is company Renatus Tactical Acquisition Corp I (RTAC). The correlation is -0.7009.

Stocks that lowly correlated with MTG

SymbolName
Market cap
SectorIndustry
Correlation
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies-0.70
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.70
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.70
MCRPMicropolis Holding Company$86MTechnologyComputer Hardware-0.62
TACOBerto Acquisition Corp$315MFinancial ServicesShell Companies-0.61
BKHABlack Hawk Acquisition Corp - Class A$58MFinancial ServicesShell Companies-0.59
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.59
CEPTCantor Equity Partners II Inc - Class A$284MFinancial ServicesShell Companies-0.58
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.57
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.57
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.57
PRMBPrimo Brands Corp - Class A$8.97BConsumer DefensiveBeverages - Non-alcoholic-0.57
SZZLSizzle Acquisition Corp II - Class A$244MFinancial ServicesShell Companies-0.56
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.56
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.55
QETAQuetta Acquisition Corp$43MFinancial ServicesShell Companies-0.52
TGEGeneration Essentials Group - Class A$370MFinancial ServicesAsset Management-0.50
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$69MFinancial ServicesShell Companies-0.50
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.49
ATIIUArchimedes Tech SPAC Partners II Co. - Units (1 Ord & 1/2 War)$294MFinancial ServicesShell Companies-0.49
VOYGVoyager Technologies Inc - Class A$2.83BIndustrialsAerospace & Defense-0.49
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.48
AIROAIRO Group Holdings Inc$229MIndustrialsAerospace & Defense-0.48
EURKEureka Acquisition Corp - Class A$54MFinancial ServicesShell Companies-0.46
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.46
NAMMNamib Minerals.$77MBasic MaterialsGold-0.46
MBINLMerchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value$1.14BN/AN/A-0.46
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.46
CGCTCartesian Growth Corp III - Class A$283MFinancial ServicesShell Companies-0.46
RAYRaytech Holding Ltd$9.91MConsumer DefensiveHousehold & Personal Products-0.46
GTENGores Holdings X Inc - Class A$466MFinancial ServicesShell Companies-0.45
LINELineage Inc$9.85BReal EstateReit - Industrial-0.45
RIBBRibbon Acquisition Corp$42MFinancial ServicesShell Companies-0.45
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.43
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.43
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.42
TE-WST1 Energy Inc Wt Exp$636MN/AN/A-0.42
GLXYGalaxy Digital$5.92BFinancial ServicesCapital Markets-0.41
FGMCRFG Merger II Corp$1.73MN/AN/A-0.41
SZZLUSizzle Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$70MFinancial ServicesShell Companies-0.41
RTACURenatus Tactical Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$75MFinancial ServicesShell Companies-0.40
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.40
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.40
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.40
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.40
TACOWBerto Acquisition Corp - Warrants (01/05/2030)$1.62MN/AN/A-0.40
NMAXNewsmax Inc Class B$1BCommunication ServicesBroadcasting-0.40
OHPAUOrion Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)$417MN/AN/A-0.39
RMCORoyalty Management Holding Corporation Class A Common Stock$35MFinancial ServicesAsset Management-0.39
AIRJMontana Technologies Corp Cl A$327MIndustrialsBuilding Products & Equipment-0.39

ETFs that lowly correlated with MTG

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.63
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.61
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.61
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.60
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.58
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.58
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.58
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.57
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.56
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.55
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.55
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.53
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.53
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.53
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.53
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.52
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.52
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.51
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.50
TEXNiShares Texas Equity ETF$17M0.20%Jun 23, 2025-0.50
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.50
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.49
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.49
AHLTAMERICAN BEACON AHL TREND ETF $50M0.95%Aug 30, 2023-0.49
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.49
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.49
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.48
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.48
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.47
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.46
CPXRUSCF DAILY TARGET 2X COPPER INDEX ETF $18MN/AJan 21, 2025-0.46
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.45
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.45
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.44
IDEFiShares Defense Industrials Active ETF$3.50B0.55%May 19, 2025-0.44
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.43
OILDBank of Montreal$19MN/ANov 8, 2021-0.43
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.42
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.42
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.42
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.41
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.41
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.41
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.40
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.40
RKLXDEFIANCE DAILY TARGET 2X LONG RKLB ETF $236MN/AMar 12, 2025-0.40
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.39
LDRHISHARES IBONDS 1-5 YEAR HIGH YIELD AND INCOME LADDER ETF $7.90M0.35%Nov 7, 2024-0.39
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.39