Looking to diversify beyond YMAG? The ETFs below have historically moved differently from YMAG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for YMAG
489 ETFs have low correlation with YMAG (below 0.3), 123 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | YMAG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.42 | — | — | 51 | Cryptocurrency | YMAG vs BITI | |
| YieldMax XOM Option Income Strategy ETF | -0.30 | — | — | 52 | Derivative Income, Dividend | YMAG vs XOMO | |
| Strive U.S. Energy ETF | -0.27 | — | — | 68 | Energy Equities | YMAG vs DRLL | |
| MicroSectors Energy 3X Leveraged ETN | -0.27 | -0.05 | -0.05 | 55 | Leveraged Equities | YMAG vs WTIU |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YMAG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.28 | -0.28 | 52 | Utilities | |
| Occidental Petroleum Corporation | -0.30 | -0.06 | -0.06 | 68 | Energy | |
| Chevron Corporation | -0.30 | -0.09 | -0.09 | 79 | Energy | |
| Altria Group, Inc. | -0.30 | -0.21 | -0.21 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.30 | -0.12 | -0.12 | 85 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements YMAG
Add YMAG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with YMAG