Looking to diversify beyond MLPI? The ETFs below have the lowest correlation with MLPI — 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 MLPI.
Best Diversifiers for MLPI
1432 ETFs have low correlation with MLPI (below 0.3), 1147 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.35, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.35 | -0.35 | -0.35 | 67 | Municipal Bonds | MLPI vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.34 | -0.34 | -0.34 | 80 | Municipal Bonds | MLPI vs FMUB | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | -0.32 | -0.32 | -0.32 | 53 | Municipal Bonds | MLPI vs HYMB | |
| Franklin Short Duration U.S. Government ETF | -0.31 | -0.31 | -0.31 | 95 | Mortgage Backed Securities | MLPI vs FTSD | |
| Vanguard Core Tax-Exempt Bond ETF | -0.30 | -0.30 | -0.30 | 76 | Municipal Bonds | MLPI vs VCRM |
See all 1480 diversifiers for MLPI
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