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
5 ETFs have low correlation with MGA (below 0.3), 1 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 -0.02, down 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 | -0.02 | 0.05 | 0.09 | 93 | Inflation-Protected Bonds | MGA vs STIP | |
| Goldman Sachs Ultra Short Bond ETF | 0.13 | 0.07 | 0.02 | 99 | Ultrashort Bond | MGA vs GSST | |
| Direxion Daily MU Bull 2X Shares | 0.18 | — | — | 99 | Leveraged Equities | MGA vs MUU | |
| Militia Long/Short Equity ETF | 0.28 | — | — | 52 | Long-Short | MGA vs ORR | |
| iShares MSCI South Korea ETF | 0.29 | 0.36 | 0.45 | 96 | Asia Pacific Equities | MGA vs EWY |
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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 British American Tobacco p.l.c. (BTI) (Consumer Defensive) with a 1Y correlation of 0.07, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | 0.07 | 0.19 | 0.26 | 77 | Consumer Defensive | |
| Monster Beverage Corporation | 0.11 | 0.18 | 0.28 | 79 | Consumer Defensive | |
| Alphabet Inc. Class A | 0.14 | 0.19 | 0.34 | 96 | Communication Services | |
| NVIDIA Corporation | 0.15 | 0.17 | 0.34 | 78 | Technology | |
| Micron Technology, Inc. | 0.17 | 0.26 | 0.38 | 99 | Technology |
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Build a portfolio that complements MGA
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