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
391 ETFs have low correlation with MAGY (below 0.3), 83 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | -0.24 | -0.24 | 98 | Inflation-Protected Bonds | MAGY vs IBIC | |
| United States Brent Oil Fund LP | -0.23 | — | — | 65 | Oil & Gas | MAGY vs BNO | |
| United States Oil Fund LP | -0.22 | -0.18 | -0.18 | 66 | Oil & Gas | MAGY vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.21 | -0.18 | — | 56 | Derivative Income | MAGY vs USOY | |
| Invesco DB Energy Fund | -0.21 | — | — | 71 | Oil & Gas | MAGY vs DBE |
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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 -0.24, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.24 | -0.25 | -0.25 | 53 | Utilities | |
| Altria Group, Inc. | -0.19 | -0.20 | -0.20 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.19 | -0.20 | -0.20 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.18 | -0.18 | -0.18 | 59 | Communication Services | |
| Exxon Mobil Corporation | -0.17 | -0.11 | -0.11 | 85 | Energy |
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