Looking to balance out your exposure to MNPR? The ETFs below have the lowest correlation with MNPR — they tend to move on their own, which can help reduce risk when MNPR drops. The stock ideas table highlights individual companies that behave independently from MNPR.
Best Diversifiers for MNPR
1 ETFs have low correlation with MNPR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.29, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.29 | 0.19 | 0.15 | 59 | Nasdaq-100 | MNPR vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNPR and solid risk/return profiles. The least correlated is Alliance Entertainment Holding Corporation Class A Common Stock (AENT) (Communication Services) with a 1Y correlation of 0.08, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Entertainment Holding Corporation Class A... | 0.08 | 0.07 | 0.05 | 69 | Communication Services | |
| Elbit Systems Ltd | 0.08 | 0.05 | 0.04 | 85 | Industrials | |
| Super Group (SGHC) Limited | 0.10 | 0.06 | 0.05 | 67 | Consumer Cyclical | |
| AppLovin Corporation | 0.12 | 0.09 | 0.08 | 58 | Communication Services | |
| Dave Inc. | 0.14 | 0.14 | 0.10 | 61 | Technology |
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