Looking to diversify beyond MLPD? The ETFs below have the lowest correlation with MLPD — 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 MLPD.
Best Diversifiers for MLPD
1072 ETFs have low correlation with MLPD (below 0.3), 361 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds 1-5 Year Treasury Ladder ETF | -0.19 | — | — | 60 | Government Bonds, Short-Term Bond | MLPD vs LDRT | |
| Eaton Vance Intermediate Municipal Income ETF | -0.17 | — | — | 81 | Municipal Bonds | MLPD vs EVIM | |
| BNY Mellon Ultra Short Income ETF | -0.17 | — | — | 99 | Ultrashort Bond | MLPD vs BKUI | |
| John Hancock Mortgage Backed Securities ETF | -0.16 | — | — | 57 | Intermediate Core-Plus Bond | MLPD vs JHMB | |
| iShares iBonds Dec 2031 Term Muni Bond ETF | -0.16 | — | — | 58 | Municipal Bonds | MLPD vs IBMT |
See all 1111 diversifiers for MLPD
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