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
146 ETFs have low correlation with MP (below 0.3), 16 of which are negatively correlated. The least correlated is F/m US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | -0.07 | -0.06 | — | 100 | Ultrashort Bond | MP vs TBIL | |
| Vanguard Short-Term Treasury ETF | -0.07 | 0.04 | 0.02 | 77 | Government Bonds, Short-Term Bond | MP vs VGSH | |
| iShares Core High Dividend ETF | -0.05 | 0.15 | 0.27 | 70 | Dividend, Large Cap Value Equities | MP vs HDV | |
| iShares 1-3 Year Treasury Bond ETF | -0.03 | 0.07 | 0.05 | 72 | Government Bonds, Short-Term Bond | MP vs SHY | |
| Janus Henderson AAA CLO ETF | -0.03 | 0.04 | 0.03 | 98 | CLO | MP vs JAAA |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.07 | 0.00 | 74 | Consumer Defensive | |
| Chubb Limited | -0.21 | -0.05 | 0.07 | 69 | Financial Services | |
| Duke Energy Corporation | -0.17 | -0.02 | -0.01 | 62 | Utilities | |
| Walmart Inc. | -0.14 | -0.00 | 0.06 | 69 | Consumer Defensive | |
| The TJX Companies, Inc. | -0.13 | 0.06 | 0.21 | 86 | Consumer Cyclical |
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