Looking to balance out your exposure to MAG? The ETFs below have the lowest correlation with MAG — they tend to move on their own, which can help reduce risk when MAG drops. The stock ideas table highlights individual companies that behave independently from MAG.
Best Diversifiers for MAG
1 ETFs have low correlation with MAG (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra QQQ (QLD) (Leveraged Equities) with a 1Y correlation of 0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra QQQ | 0.05 | 0.21 | 0.23 | 50 | Leveraged Equities | MAG vs QLD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAG and solid risk/return profiles. The least correlated is MP Materials Corp. (MP) (Basic Materials) with a 1Y correlation of -0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MP Materials Corp. | -0.08 | 0.27 | 0.29 | 51 | Basic Materials | |
| MGM Resorts International | 0.01 | 0.16 | 0.21 | 66 | Consumer Cyclical | |
| Rio Tinto Group | 0.12 | 0.30 | 0.37 | 87 | Basic Materials | |
| Kinross Gold Corporation | 0.20 | 0.57 | 0.64 | 72 | Basic Materials | |
| Endeavour Silver Corp. | 0.21 | 0.61 | 0.70 | 61 | Basic Materials |
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