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
337 ETFs have low correlation with MAGX (below 0.3), 45 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | MAGX vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.19 | — | — | 98 | Ultrashort Bond | MAGX vs BAMU | |
| United States Gasoline Fund LP | -0.19 | — | — | 55 | Oil & Gas | MAGX vs UGA | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 95 | Inflation-Protected Bonds | MAGX vs IBID | |
| iShares Core High Dividend ETF | -0.17 | — | — | 70 | Dividend, Large Cap Value Equities | MAGX vs HDV |
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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 -0.29, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.29 | -0.25 | -0.25 | 62 | Utilities | |
| The Southern Company | -0.26 | -0.21 | -0.21 | 55 | Utilities | |
| Chubb Limited | -0.25 | -0.18 | -0.18 | 69 | Financial Services | |
| Altria Group, Inc. | -0.24 | -0.22 | -0.22 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | -0.17 | -0.17 | 74 | Consumer Defensive |
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