Looking to diversify beyond MAGC? The ETFs below have the lowest correlation with MAGC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MAGC.
Best Diversifiers for MAGC
376 ETFs have low correlation with MAGC (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.25 | -0.25 | 57 | Cryptocurrency | MAGC vs BITI | |
| Brookstone Ultra-Short Bond ETF | -0.10 | -0.06 | -0.06 | 99 | Ultrashort Bond | MAGC vs BAMU | |
| Invesco DB Energy Fund | -0.09 | — | — | 53 | Oil & Gas | MAGC vs DBE | |
| iShares Diversified Commodity Swap UCITS ETF | -0.07 | — | — | 55 | Commodities | MAGC vs ISCMF | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.06 | — | — | 96 | Inflation-Protected Bonds | MAGC vs IBID |
See all 1124 diversifiers for MAGC
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