Looking to diversify beyond MGNR? The ETFs below have the lowest correlation with MGNR — 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 MGNR.
Best Diversifiers for MGNR
184 ETFs have low correlation with MGNR (below 0.3), 13 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TCW AAA CLO ETF | -0.08 | — | — | 99 | CLO | MGNR vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.07 | — | — | 98 | Inflation-Protected Bonds | MGNR vs IBIC | |
| Breakwave Tanker Shipping ETF | -0.07 | — | — | 98 | Commodities | MGNR vs BWET | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | MGNR vs BIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.06 | — | — | 95 | Inflation-Protected Bonds | MGNR vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGNR and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rigetti Computing Inc | 0.32 | — | — | 68 | Technology | |
| IonQ, Inc. | 0.32 | 0.37 | 0.37 | 59 | Technology |
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