Looking to balance out your exposure to MMLP? The ETFs below have the lowest correlation with MMLP — they tend to move on their own, which can help reduce risk when MMLP drops. The stock ideas table highlights individual companies that behave independently from MMLP.
Best Diversifiers for MMLP
1 ETFs have low correlation with MMLP (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of 0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | 0.11 | 0.19 | 0.25 | 56 | MLPs | MMLP vs AMLP |
Diversification Analysis
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