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 Invesco S&P 500 Top 50 ETF (XLG) (S&P 500) 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 |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Top 50 ETF | 0.05 | 0.20 | 0.23 | 56 | S&P 500 | MAG vs XLG | |
| Amplify Junior Silver Miners ETF | 0.32 | 0.70 | 0.78 | 54 | Silver, Commodity Producers Equities, Precious Metals | MAG vs SILJ |
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 Rio Tinto Group (RIO) (Basic Materials) with a 1Y correlation of 0.08, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rio Tinto Group | 0.08 | 0.31 | 0.38 | 94 | Basic Materials | |
| Kinross Gold Corporation | 0.27 | 0.59 | 0.65 | 79 | Basic Materials | |
| Silvercorp Metals Inc. | 0.29 | 0.59 | 0.68 | 91 | Basic Materials | |
| Endeavour Silver Corp. | 0.30 | 0.63 | 0.72 | 80 | Basic Materials | |
| Pan American Silver Corp. | 0.37 | 0.70 | 0.75 | 83 | Basic Materials |
Build a portfolio that complements MAG
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