Looking to diversify beyond MAGY? The ETFs below have historically moved differently from MAGY, 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 MAGY
467 ETFs have low correlation with MAGY (below 0.3), 109 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 | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | MAGY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | MAGY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.41 | — | — | 61 | Cryptocurrency | MAGY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MAGY vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.32 | — | — | 56 | Options Trading | MAGY vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MAGY, 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 -0.31, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.31 | -0.28 | -0.28 | 56 | Utilities | |
| Occidental Petroleum Corporation | -0.28 | -0.19 | -0.19 | 70 | Energy | |
| The Coca-Cola Company | -0.27 | -0.24 | -0.24 | 90 | Consumer Defensive | |
| Altria Group, Inc. | -0.26 | -0.25 | -0.25 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.25 | -0.17 | -0.17 | 84 | Energy |
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