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
1157 ETFs have low correlation with MLPD (below 0.3), 264 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive Enhanced Income Short Maturity ETF | -0.23 | — | — | 97 | Ultrashort Bond | MLPD vs BUXX | |
| Invesco BulletShares 2031 Municipal Bond ETF | -0.17 | — | — | 63 | Municipal Bonds | MLPD vs BSMV | |
| Goldman Sachs Community Municipal Bond ETF | -0.17 | — | — | 55 | Municipal Bonds | MLPD vs GMUN | |
| Capital Group Municipal High-Income ETF | -0.17 | — | — | 85 | High Yield Muni | MLPD vs CGHM | |
| iShares iBonds Dec 2031 Term Muni Bond ETF | -0.16 | — | — | 59 | Municipal Bonds | MLPD vs IBMT |
See all 1187 diversifiers for MLPD
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Diversification Analysis
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