Looking to balance out your exposure to MPC? The ETFs below have historically moved differently from MPC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MPC
31 ETFs have low correlation with MPC (below 0.3), 18 of which are negatively correlated. The least correlated is PGIM Ultra Short Bond ETF (PULS) (Ultrashort Bond) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | -0.12 | 0.02 | 0.01 | 99 | Ultrashort Bond | MPC vs PULS | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | -0.10 | 0.07 | — | 74 | Emerging Markets Bonds | MPC vs XEMD | |
| Invesco S&P International Developed Momentum ETF | -0.05 | 0.11 | 0.28 | 51 | Momentum, Foreign Large Cap Equities | MPC vs IDMO | |
| ProShares Ultra S&P500 | -0.05 | 0.17 | 0.27 | 61 | Leveraged Equities, S&P 500 | MPC vs SSO | |
| State Street SPDR S&P 500 ETF | -0.05 | 0.17 | 0.27 | 71 | S&P 500 | MPC vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MPC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of -0.16, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.16 | 0.06 | 0.24 | 91 | Industrials | |
| General Electric Company | -0.14 | 0.06 | 0.21 | 77 | Industrials | |
| NVIDIA Corporation | -0.13 | 0.02 | 0.13 | 63 | Technology | |
| United Airlines Holdings, Inc. | -0.13 | 0.00 | 0.14 | 74 | Industrials | |
| Amazon.com, Inc | -0.12 | 0.04 | 0.11 | 68 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MPC
Add MPC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MPC