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32 Stocks and 68 ETFs for diversifying Magnite (MGNI)

The least correlated asset to Magnite (MGNI) is company TMobile US Inc 6.250 Senior Notes due 2069 (TMUSL). The correlation is -0.7217.

Stocks that lowly correlated with MGNI

SymbolName
Market cap
SectorIndustry
Correlation
TMUSLTMobile US Inc 6.250 Senior Notes due 2069$27BN/AN/A-0.72
OFSSOOFS Capital Corp$341MN/AN/A-0.70
TMUSZTMobile US Inc 5.500 Senior Notes due March 2070$24BN/AN/A-0.63
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.63
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.62
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.57
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.57
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-0.55
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.55
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.54
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies-0.53
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.52
TMUSITMobile US Inc 5.500 Senior Notes due June 2070$23BN/AN/A-0.51
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.50
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.49
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.47
CMDBCostamare Bulkers Holdings Ltd$485MIndustrialsMarine Shipping-0.47
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.47
EVACEDWARDS GROUP LTD Foreign$597MFinancial ServicesShell Companies-0.45
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.44
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.43
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.43
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.42
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.41
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.41
PFAIPinnacle Food Group Ltd - Class A$43MConsumer DefensiveFarm Products-0.39
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.39
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.39
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.39
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.39
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.39

ETFs that lowly correlated with MGNI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.64
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.63
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.61
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.60
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.60
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.59
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.58
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.58
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.57
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.56
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.56
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.56
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.54
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.54
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.54
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.54
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.53
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.53
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.53
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.52
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $47M0.98%Dec 10, 2024-0.52
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.52
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.51
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.50
TURFT. ROWE PRICE NATURAL RESOURCES ETF $157M0.44%Jun 11, 2025-0.49
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.49
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.48
RCTRFIRST TRUST BLOOMBERG NUCLEAR POWER ETF $27M0.70%Jul 29, 2025-0.48
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.47
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.47
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.47
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.47
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.47
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.46
SGVTSCHWAB GOVERNMENT MONEY MARKET ETF $770M0.28%Jun 11, 2025-0.46
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.46
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.45
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.45
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.44
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.44
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.44
BLUIBLUEMONTE DIVERSIFIED INCOME ETF $105M0.75%Jun 20, 2025-0.44
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.43
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.43
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.43
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.42
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.42
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETF $882M0.45%Jul 28, 1997-0.42
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.42
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.42
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.41
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.41
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.41
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.41
OTGLOTG LATIN AMERICA ETF $28M0.95%May 7, 2019-0.41
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.41
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.41
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.41
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.41
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.40
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.40
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.40
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.40
BLSTBLUEMONTE SHORT TERM BOND ETF $167M0.23%Jun 20, 2025-0.40
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39