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
401 ETFs have low correlation with MAGY (below 0.3), 78 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 | -0.44 | — | — | 68 | Inverse Equities, Leveraged Equities | MAGY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | MAGY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.41 | -0.43 | -0.43 | 57 | Cryptocurrency | MAGY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MAGY vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | — | — | 51 | Currency | MAGY vs UUP |
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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 -0.28, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.28 | -0.27 | -0.27 | 66 | Utilities | |
| The Coca-Cola Company | -0.26 | -0.23 | -0.23 | 83 | Consumer Defensive | |
| Waste Management, Inc. | -0.26 | -0.25 | -0.25 | 53 | Industrials | |
| Occidental Petroleum Corporation | -0.26 | -0.18 | -0.18 | 62 | Energy | |
| The Southern Company | -0.25 | -0.25 | -0.25 | 58 | Utilities |
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