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.
No Diversifiers Found for MAG
We do not have enough correlation history to rank diversifiers for this symbol yet.
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 MGM Resorts International (MGM) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MGM Resorts International | -0.05 | 0.17 | 0.21 | 73 | Consumer Cyclical | |
| Rio Tinto Group | 0.12 | 0.30 | 0.38 | 92 | Basic Materials | |
| Silvercorp Metals Inc. | 0.24 | 0.58 | 0.67 | 88 | Basic Materials | |
| Endeavour Silver Corp. | 0.25 | 0.62 | 0.71 | 68 | Basic Materials | |
| Kinross Gold Corporation | 0.26 | 0.58 | 0.64 | 72 | Basic Materials |
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