Looking to diversify beyond MLPR? The ETFs below have the lowest correlation with MLPR — 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 MLPR.
Best Diversifiers for MLPR
1464 ETFs have low correlation with MLPR (below 0.3), 626 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Intermediate Municipal Income ETF | -0.22 | — | — | 79 | Municipal Bonds | MLPR vs EVIM | |
| BNY Mellon Ultra Short Income ETF | -0.21 | -0.04 | — | 99 | Ultrashort Bond | MLPR vs BKUI | |
| Schwab Municipal Bond ETF | -0.21 | 0.02 | — | 73 | Municipal Bonds | MLPR vs SCMB | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.21 | — | — | 76 | Municipal Bonds | MLPR vs BSMY | |
| State Street Ultra Short Term Bond ETF | -0.20 | -0.04 | -0.02 | 99 | Ultrashort Bond | MLPR vs ULST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLPR and solid risk/return profiles. The least correlated is TORM plc (TRMD) (Energy) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
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