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
1019 ETFs have low correlation with MLPD (below 0.3), 215 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Intermediate Municipal Income ETF | -0.18 | — | — | 78 | Municipal Bonds | MLPD vs EVIM | |
| Strive Enhanced Income Short Maturity ETF | -0.18 | — | — | 97 | Ultrashort Bond | MLPD vs BUXX | |
| iShares iBonds Dec 2031 Term Muni Bond ETF | -0.17 | — | — | 56 | Municipal Bonds | MLPD vs IBMT | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.15 | -0.04 | -0.04 | 72 | Municipal Bonds | MLPD vs BSMW | |
| Invesco BulletShares 2031 Municipal Bond ETF | -0.15 | — | — | 63 | Municipal Bonds | MLPD vs BSMV |
See all 1041 diversifiers for MLPD
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Diversification Analysis
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