Looking to diversify beyond MAGO? The ETFs below have the lowest correlation with MAGO — 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 MAGO.
Best Diversifiers for MAGO
1 ETFs have low correlation with MAGO (below 0.3), 0 of which are negatively correlated. The least correlated is Simplify Treasury Option Income ETF (BUCK) (Government Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 0.15 | 0.15 | 0.15 | 93 | Government Bonds, Ultrashort Bond, Derivative Income | MAGO vs BUCK | |
| VistaShares Target 15™ Berkshire Select Income ETF | 0.30 | 0.30 | 0.30 | 62 | Derivative Income | MAGO vs OMAH | |
| SoFi Enhanced Yield ETF | 0.35 | — | — | 96 | Derivative Income | MAGO vs THTA | |
| YieldMax AMD Option Income Strategy ETF | 0.41 | 0.41 | 0.41 | 94 | Derivative Income, Options Trading | MAGO vs AMDY | |
| YieldMax TSM Option Income Strategy ETF | 0.51 | — | — | 85 | Derivative Income | MAGO vs TSMY |
See all 14 diversifiers for MAGO
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