Looking to balance out your exposure to MGA? The ETFs below have the lowest correlation with MGA — they tend to move on their own, which can help reduce risk when MGA drops. The stock ideas table highlights individual companies that behave independently from MGA.
Best Diversifiers for MGA
2 ETFs have low correlation with MGA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.04 | 0.08 | 0.09 | 88 | Inflation-Protected Bonds | MGA vs STIP | |
| Goldman Sachs Ultra Short Bond ETF | 0.13 | 0.08 | 0.02 | 99 | Ultrashort Bond | MGA vs GSST | |
| iShares MSCI South Korea ETF | 0.31 | 0.37 | 0.45 | 93 | Asia Pacific Equities | MGA vs EWY | |
| iShares Interest Rate Hedged High Yield Bond ETF | 0.31 | 0.42 | 0.53 | 79 | High Yield Bonds, Corporate Bonds | MGA vs HYGH | |
| Militia Long/Short Equity ETF | 0.32 | — | — | 52 | Long-Short | MGA vs ORR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGA and solid risk/return profiles. The least correlated is ONEOK, Inc. (OKE) (Energy) with a 1Y correlation of -0.00, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.00 | 0.21 | 0.36 | 57 | Energy | |
| British American Tobacco p.l.c. | 0.04 | 0.17 | 0.25 | 79 | Consumer Defensive | |
| Monster Beverage Corporation | 0.07 | 0.19 | 0.28 | 86 | Consumer Defensive | |
| Alphabet Inc. Class A | 0.12 | 0.18 | 0.34 | 96 | Communication Services | |
| UnitedHealth Group Incorporated | 0.13 | 0.09 | 0.14 | 68 | Healthcare |
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Build a portfolio that complements MGA
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