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
1379 ETFs have low correlation with MLPI (below 0.3), 1138 of which are negatively correlated. The least correlated is Innovator Premium Income 20 Barrier ETF - April (APRH) (Options Trading) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Premium Income 20 Barrier ETF - April | -0.30 | -0.30 | -0.30 | 95 | Options Trading | MLPI vs APRH | |
| Aptus Enhanced Yield ETF | -0.29 | -0.29 | — | 87 | Intermediate Core Bond | MLPI vs JUCY | |
| State Street SPDR Nuveen ICE High Yield Municipal ... | -0.29 | -0.29 | -0.29 | 75 | Municipal Bonds | MLPI vs HYMB | |
| Logan Capital Broad Innovative Growth ETF | -0.28 | -0.28 | -0.28 | 52 | Large Cap Growth Equities | MLPI vs LCLG | |
| iShares High Yield Muni Active ETF | -0.28 | — | — | 73 | High Yield Muni | MLPI vs HIMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLPI and solid risk/return profiles. The least correlated is Abrdn Total Dynamic Dividend Fund (AOD) (Financial Services) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Abrdn Total Dynamic Dividend Fund | -0.13 | -0.13 | -0.13 | 87 | Financial Services | |
| GE Vernova Inc. | -0.00 | -0.00 | -0.00 | 89 | Industrials | |
| Nebius Group N.V. | -0.00 | -0.00 | -0.00 | 96 | Communication Services | |
| Capital Southwest Corporation | 0.01 | 0.01 | 0.01 | 66 | Financial Services | |
| Bloom Energy Corporation | 0.05 | 0.05 | 0.05 | 98 | Industrials |
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