Looking to balance out your exposure to MP? The ETFs below have the lowest correlation with MP — they tend to move on their own, which can help reduce risk when MP drops. The stock ideas table highlights individual companies that behave independently from MP.
Best Diversifiers for MP
152 ETFs have low correlation with MP (below 0.3), 26 of which are negatively correlated. The least correlated is State Street Health Care Select Sector SPDR ETF (XLV) (Health & Biotech Equities) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Health Care Select Sector SPDR ETF | -0.13 | 0.08 | 0.17 | 50 | Health & Biotech Equities | MP vs XLV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.12 | 0.13 | 0.21 | 60 | Dividend | MP vs LVHD | |
| iShares Core High Dividend ETF | -0.10 | 0.12 | 0.25 | 85 | Dividend, Large Cap Value Equities | MP vs HDV | |
| Vanguard Health Care ETF | -0.08 | 0.13 | 0.23 | 58 | Health & Biotech Equities | MP vs VHT | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.08 | 0.17 | 0.29 | 87 | Large Cap Value Equities, Dividend | MP vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MP and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.24, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.24 | -0.06 | 0.06 | 82 | Financial Services | |
| The Coca-Cola Company | -0.20 | -0.08 | 0.01 | 84 | Consumer Defensive | |
| Duke Energy Corporation | -0.18 | -0.04 | -0.01 | 64 | Utilities | |
| Waste Management, Inc. | -0.17 | -0.05 | 0.04 | 56 | Industrials | |
| Ventas, Inc. | -0.17 | 0.04 | 0.15 | 93 | Real Estate |
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Build a portfolio that complements MP
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