Looking to diversify beyond MAGS? The ETFs below have the lowest correlation with MAGS — 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 MAGS.
Best Diversifiers for MAGS
434 ETFs have low correlation with MAGS (below 0.3), 87 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.46 | — | 68 | Inverse Equities, Leveraged Equities | MAGS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | -0.46 | — | 70 | Derivative Income | MAGS vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.33 | 57 | Cryptocurrency | MAGS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MAGS vs SBIT | |
| Tortoise North American Pipeline Fund | -0.25 | 0.03 | 0.03 | 80 | Energy Equities | MAGS vs TPYP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAGS and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.31, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.31 | -0.20 | -0.20 | 66 | Utilities | |
| Altria Group, Inc. | -0.31 | -0.17 | -0.16 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.31 | -0.11 | -0.10 | 53 | Industrials | |
| Chevron Corporation | -0.30 | -0.09 | -0.09 | 70 | Energy | |
| Exxon Mobil Corporation | -0.28 | -0.11 | -0.10 | 75 | Energy |
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