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
232 ETFs have low correlation with MP (below 0.3), 13 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.09 | 0.03 | 0.12 | 66 | Oil & Gas | MP vs USO | |
| Vanguard Short-Term Treasury ETF | -0.06 | 0.04 | 0.01 | 83 | Government Bonds, Short-Term Bond | MP vs VGSH | |
| Janus Henderson AAA CLO ETF | -0.05 | 0.03 | 0.03 | 98 | CLO | MP vs JAAA | |
| ProShares Ultra Bloomberg Crude Oil | -0.03 | 0.06 | 0.16 | 54 | Leveraged Commodities | MP vs UCO | |
| iShares Core High Dividend ETF | -0.03 | 0.16 | 0.25 | 64 | Dividend, Large Cap Value Equities | MP vs HDV |
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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 -0.20, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.20 | -0.03 | 0.08 | 51 | Financial Services | |
| The Coca-Cola Company | -0.20 | -0.06 | 0.01 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.15 | -0.00 | 0.04 | 59 | Communication Services | |
| Duke Energy Corporation | -0.15 | -0.02 | -0.01 | 53 | Utilities | |
| The TJX Companies, Inc. | -0.12 | 0.08 | 0.21 | 78 | Consumer Cyclical |
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