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
1465 ETFs have low correlation with MLPB (below 0.3), 879 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Intermediate Municipal Income ETF | -0.24 | — | — | 80 | Municipal Bonds | MLPB vs EVIM | |
| BNY Mellon Ultra Short Income ETF | -0.24 | -0.05 | -0.03 | 99 | Ultrashort Bond | MLPB vs BKUI | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.23 | — | — | 76 | Municipal Bonds | MLPB vs BSMY | |
| Schwab Municipal Bond ETF | -0.23 | 0.02 | — | 76 | Municipal Bonds | MLPB vs SCMB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.23 | -0.04 | -0.07 | 74 | Municipal Bonds | MLPB vs BSMW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLPB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLPB and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of 0.62, down from 0.77 over 5 years.
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