Looking to diversify beyond MAGX? The ETFs below have the lowest correlation with MAGX — 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 MAGX.
Best Diversifiers for MAGX
456 ETFs have low correlation with MAGX (below 0.3), 86 of which are negatively correlated.
| 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 | MAGX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 69 | Derivative Income | MAGX vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.25 | — | — | 53 | Options Trading | MAGX vs CAOS | |
| Tortoise North American Pipeline Fund | -0.24 | — | — | 76 | Energy Equities | MAGX vs TPYP | |
| Alerian Energy Infrastructure ETF | -0.23 | — | — | 75 | Energy Equities | MAGX vs ENFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAGX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.32, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.32 | -0.26 | -0.26 | 63 | Utilities | |
| The Southern Company | -0.30 | -0.22 | -0.22 | 56 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.24 | -0.24 | 77 | Consumer Defensive | |
| Chevron Corporation | -0.28 | -0.09 | -0.09 | 73 | Energy | |
| The Coca-Cola Company | -0.28 | -0.21 | -0.21 | 81 | Consumer Defensive |
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