Looking to balance out your exposure to MPB? The ETFs below have the lowest correlation with MPB — they tend to move on their own, which can help reduce risk when MPB drops. The stock ideas table highlights individual companies that behave independently from MPB.
No Diversifiers Found for MPB
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPB and solid risk/return profiles. The least correlated is Northeast Bank (NBN) (Financial Services) with a 1Y correlation of 0.70, up from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northeast Bank | 0.70 | 0.63 | 0.53 | 75 | Financial Services |
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