Looking to diversify beyond MAGS? The ETFs below have historically moved differently from MAGS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MAGS
498 ETFs have low correlation with MAGS (below 0.3), 118 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | MAGS vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MAGS vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | MAGS vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.35 | — | 61 | Cryptocurrency | MAGS vs BITI | |
| YieldMax XOM Option Income Strategy ETF | -0.31 | — | — | 51 | Derivative Income, Dividend | MAGS vs XOMO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MAGS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.34, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.34 | -0.21 | -0.20 | 56 | Utilities | |
| Chevron Corporation | -0.30 | -0.09 | -0.09 | 80 | Energy | |
| Altria Group, Inc. | -0.30 | -0.17 | — | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.29 | -0.05 | -0.05 | 70 | Energy | |
| Exxon Mobil Corporation | -0.29 | -0.12 | -0.11 | 84 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MAGS
Add MAGS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MAGS