Looking to balance out your exposure to MPAA? The ETFs below have the lowest correlation with MPAA — they tend to move on their own, which can help reduce risk when MPAA drops. The stock ideas table highlights individual companies that behave independently from MPAA.
Best Diversifiers for MPAA
1 ETFs have low correlation with MPAA (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | -0.00 | 100 | Ultrashort Bond | MPAA vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPAA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPAA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.01 | 0.07 | 73 | Consumer Defensive | |
| Gilead Sciences, Inc. | 0.01 | 0.01 | 0.07 | 65 | Healthcare | |
| Millicom International Cellular S.A. | 0.03 | 0.10 | 0.18 | 98 | Communication Services | |
| RTX Corporation | 0.07 | 0.06 | 0.16 | 75 | Industrials | |
| Teekay Tankers Ltd. | 0.10 | 0.09 | 0.09 | 80 | Energy |
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