Looking to diversify beyond MLPB? The ETFs below have the lowest correlation with MLPB — 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 MLPB.
Best Diversifiers for MLPB
1564 ETFs have low correlation with MLPB (below 0.3), 616 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.27, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.27 | -0.05 | -0.03 | 99 | Ultrashort Bond | MLPB vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.25 | -0.04 | — | 63 | Municipal Bonds | MLPB vs BSMW | |
| Franklin Short Duration U.S. Government ETF | -0.23 | -0.08 | -0.04 | 95 | Mortgage Backed Securities | MLPB vs FTSD | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.22 | -0.02 | -0.02 | 63 | Municipal Bonds | MLPB vs BSMY | |
| Schwab Municipal Bond ETF | -0.22 | 0.03 | 0.01 | 65 | Municipal Bonds | MLPB vs SCMB |
See all 1660 diversifiers for MLPB
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