Looking to diversify beyond MAGY? The ETFs below have the lowest correlation with MAGY — 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 MAGY.
Best Diversifiers for MAGY
326 ETFs have low correlation with MAGY (below 0.3), 42 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 | -0.22 | — | — | 98 | Inflation-Protected Bonds | MAGY vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.19 | — | — | 98 | Ultrashort Bond | MAGY vs BAMU | |
| United States Gasoline Fund LP | -0.17 | -0.15 | -0.15 | 55 | Oil & Gas | MAGY vs UGA | |
| iShares Core High Dividend ETF | -0.16 | -0.11 | -0.11 | 70 | Dividend, Large Cap Value Equities | MAGY vs HDV | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | — | — | 99 | Ultrashort Bond | MAGY vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAGY and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.26, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.25 | -0.25 | 62 | Utilities | |
| The Coca-Cola Company | -0.25 | -0.22 | -0.22 | 74 | Consumer Defensive | |
| The Southern Company | -0.22 | -0.23 | -0.23 | 55 | Utilities | |
| Verizon Communications Inc. | -0.22 | -0.19 | -0.19 | 66 | Communication Services | |
| Chubb Limited | -0.21 | -0.18 | -0.18 | 69 | Financial Services |
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