Looking to balance out your exposure to MGNI? The ETFs below have the lowest correlation with MGNI — they tend to move on their own, which can help reduce risk when MGNI drops. The stock ideas table highlights individual companies that behave independently from MGNI.
Best Diversifiers for MGNI
17 ETFs have low correlation with MGNI (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.08 | 0.01 | 100 | Government Bonds, Ultrashort Bond | MGNI vs BIL | |
| iShares iBonds Dec 2027 Term Treasury ETF | 0.03 | 0.04 | 0.01 | 97 | Government Bonds | MGNI vs IBTH | |
| VanEck Semiconductor ETF | 0.04 | 0.27 | 0.41 | 94 | Semiconductors, Technology Equities | MGNI vs SMH | |
| Schwab U.S. Dividend Equity ETF | 0.05 | 0.21 | 0.33 | 77 | Dividend | MGNI vs SCHD | |
| PGIM Ultra Short Bond ETF | 0.10 | 0.05 | 0.03 | 99 | Ultrashort Bond | MGNI vs PULS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGNI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGNI and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.16 | 0.06 | 0.12 | 70 | Consumer Defensive | |
| Corning Incorporated | -0.10 | 0.16 | 0.28 | 98 | Technology | |
| The Williams Companies, Inc. | -0.09 | 0.13 | 0.18 | 75 | Energy | |
| Coca-Cola European Partners plc | -0.05 | 0.06 | 0.19 | 53 | Consumer Defensive | |
| Donaldson Company, Inc. | -0.01 | 0.22 | 0.31 | 67 | Industrials |
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