Looking to balance out your exposure to MPC? The ETFs below have the lowest correlation with MPC — they tend to move on their own, which can help reduce risk when MPC drops. The stock ideas table highlights individual companies that behave independently from MPC.
Best Diversifiers for MPC
9 ETFs have low correlation with MPC (below 0.3), 7 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | -0.06 | 0.09 | 0.18 | 71 | Leveraged Equities | MPC vs TQQQ | |
| Invesco QQQ ETF | -0.06 | 0.09 | 0.18 | 74 | Nasdaq-100 | MPC vs QQQ | |
| Invesco S&P 500 Momentum ETF | -0.05 | 0.18 | 0.33 | 75 | Momentum, S&P 500 | MPC vs SPMO | |
| ProShares Ultra S&P500 | -0.03 | 0.17 | 0.30 | 67 | Leveraged Equities, S&P 500 | MPC vs SSO | |
| Vanguard Information Technology ETF | -0.02 | 0.10 | 0.19 | 76 | Technology Equities | MPC vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPC and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of -0.14, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.14 | 0.10 | 0.29 | 79 | Industrials | |
| General Electric Company | -0.14 | 0.09 | 0.27 | 69 | Industrials | |
| Eli Lilly and Company | -0.11 | 0.01 | 0.04 | 75 | Healthcare | |
| NVIDIA Corporation | -0.10 | 0.02 | 0.13 | 80 | Technology | |
| Broadcom Inc. | -0.10 | 0.04 | 0.15 | 76 | Technology |
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