Overview Performance Dividends Metrics Financials ETFs Industry Splits Correlations

26 Stocks and 74 ETFs for diversifying Magic Software Enterprises (MGIC)

The least correlated asset to Magic Software Enterprises (MGIC) is company BUUU Group (BUUU). The correlation is -0.7079.

Stocks that lowly correlated with MGIC

Symbol	Name	Market cap	Sector	Industry	Correlation
BUUU	BUUU Group Ltd - Class A	$293M	Industrials	Specialty Business Services	-0.71
FRBN	Forbion European Acquisition Corp - Class A	$343M	Financial Services	Shell Companies	-0.64
KG	KING PHARMACEUTICALS INC	$77M	Financial Services	Insurance - Reinsurance	-0.61
SAFX	XCF Global Inc	$145M	Utilities	Utilities - Renewable	-0.60
WTF	Waton Financial Ltd	$132M	Financial Services	Capital Markets	-0.55
STBX	Starbox Group Holdings Ltd	$1.14M	Communication Services	Internet Content & Information	-0.50
GDST	Goldenstone Acquisition Ltd	$23M	Financial Services	Shell Companies	-0.50
CURB	Curbline Properties Corp	$3.20B	Real Estate	Reit - Retail	-0.49
NCI	Neo Concept International Group Holdings Ltd	$48M	Consumer Cyclical	Apparel Manufacturing	-0.48
SOBO	South Bow Corp	$7.82B	Energy	Oil & Gas Midstream	-0.48
HYAC-U	Haymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War)	$65M	N/A	N/A	-0.47
DKI	Darkiris Inc - Class A	$6.20M	Communication Services	Electronic Gaming & Multimedia	-0.47
XHLD	TEN Holdings Inc	$8.07M	Communication Services	Broadcasting	-0.45
SLGC	SomaLogic Inc - Class A	$393M	Healthcare	Health Information Services	-0.45
CURX	Curanex Pharmaceuticals Inc	$6.11M	Healthcare	Biotechnology	-0.44
WSBK	Winchester Bancorp Inc	$121M	Financial Services	Banks - Regional	-0.44
MCTR	CTRL Group Ltd	$15M	Communication Services	Advertising Agencies	-0.44
EQV	EQV Ventures Acquisition Corp.	$466M	Financial Services	Shell Companies	-0.44
BMGL	Basel Medical Group Ltd	$9.61M	Healthcare	Medical Care Facilities	-0.43
BRLS	Borealis Foods Inc - Class A	$19M	Consumer Defensive	Packaged Foods	-0.43
ENGS	Energys Group Ltd	$12M	Industrials	Waste Management	-0.42
ANL	Adlai Nortye Ltd	$317M	Healthcare	Biotechnology	-0.39
JMACU	Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)	$150M	N/A	N/A	-0.39
TMDE	TMD Energy Ltd	$21M	Energy	Oil & Gas Midstream	-0.39
INACU	Indigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$34M	Financial Services	Shell Companies	-0.38
MLEC	Moolec Science SA	$10M	Healthcare	Biotechnology	-0.38

ETFs that lowly correlated with MGIC

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.70
BILT	iShares Infrastructure Active ETF	$32M	0.60%	Jul 29, 2025	-0.66
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.66
USNG	AMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF	$7.40M	0.59%	May 19, 2025	-0.65
XLUI	STATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$22M	0.35%	Jul 29, 2025	-0.63
GXPE	GLOBAL X PURECAP MSCI ENERGY ETF	$1.20M	0.15%	Jul 22, 2025	-0.59
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	$65M	0.75%	Feb 18, 2025	-0.59
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.57
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.57
TIPB	NORTHERN TRUST 2035 INFLATION-LINKED DISTRIBUTING LADDER ETF	$8M	0.10%	Aug 18, 2025	-0.57
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.57
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.57
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.56
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.56
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.56
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.55
RIFR	RUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF	$43M	0.59%	May 13, 2025	-0.55
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.55
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.55
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.55
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.54
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.54
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.54
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.54
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.54
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.52
TIPA	NORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF	$18M	0.10%	Aug 18, 2025	-0.52
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.52
XLEI	STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$40M	0.35%	Jul 29, 2025	-0.52
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.51
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.51
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.51
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.51
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.51
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.50
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.50
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.50
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.50
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.49
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.48
RSBY	RETURN STACKED(R) BONDS & FUTURES YIELD ETF	$64M	1.01%	Aug 20, 2024	-0.48
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.48
DVUT	WEBS Defined Volatility XLU ETF	$273K	0.89%	Jul 22, 2025	-0.46
LSEQ	HARBOR LONG-SHORT EQUITY ETF	$17M	2.28%	Dec 4, 2023	-0.45
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.44
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.44
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.44
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.44
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.44
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.43
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.43
GEVX	Tradr 2X Long GEV Daily ETF	$52M	N/A	Jul 10, 2025	-0.43
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.43
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.43
GLDN	NICHOLAS GOLD INCOME ETF	$2.50M	1.07%	Feb 17, 2026	-0.43
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.42
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.42
XOMX	Direxion Daily XOM Bull 2X Shares	$7.80M	N/A	Apr 22, 2025	-0.42
PLTZ	Defiance Daily Target 2x Short PLTR ETF	$13M	N/A	Jun 5, 2025	-0.42
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$16M	1.11%	Aug 14, 2024	-0.41
CONI	GRANITESHARES 2X SHORT COIN DAILY ETF	$16M	N/A	Sep 4, 2024	-0.41
CLIM	CLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF	$1.30M	0.90%	Mar 11, 2026	-0.41
IGME	BITWISE GME OPTION INCOME STRATEGY ETF	$1.10M	0.96%	Jun 9, 2025	-0.41
TIPC	NORTHERN TRUST 2045 INFLATION-LINKED DISTRIBUTING LADDER ETF	$3M	0.10%	Aug 18, 2025	-0.41
PLTD	T-REX 2X INVERSE PLTR DAILY TARGET ETF	$47M	0.98%	Dec 10, 2024	-0.41
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$35M	1.05%	Jul 9, 2024	-0.40
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.40
ETHD	ProShares UltraShort Ether ETF	$86M	N/A	Jun 6, 2024	-0.40
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.39
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$7.50M	1.03%	Oct 9, 2024	-0.38
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.38
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.38
GGOV	iShares Global Government Bond USD Hedged Active	$2.90B	0.39%	Jun 25, 2025	-0.37
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.37