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
24 ETFs have low correlation with MPC (below 0.3), 9 of which are negatively correlated. The least correlated is Freedom 100 Emerging Markets ETF (FRDM) (Emerging Markets Diversified) with a 1Y correlation of -0.05, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Freedom 100 Emerging Markets ETF | -0.05 | 0.10 | 0.26 | 83 | Emerging Markets Diversified | MPC vs FRDM | |
| Vanguard S&P 500 ETF | -0.03 | 0.16 | 0.28 | 66 | S&P 500 | MPC vs VOO | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | -0.03 | 0.13 | 0.21 | 72 | High Yield Bonds | MPC vs BBHY | |
| ProShares Ultra S&P500 | -0.03 | 0.16 | 0.28 | 54 | Leveraged Equities, S&P 500 | MPC vs SSO | |
| Invesco QQQ ETF | -0.02 | 0.10 | 0.18 | 53 | Nasdaq-100 | MPC vs QQQ |
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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 -0.18, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.18 | 0.06 | 0.26 | 84 | Industrials | |
| General Electric Company | -0.15 | 0.05 | 0.24 | 71 | Industrials | |
| Amazon.com, Inc | -0.12 | 0.05 | 0.12 | 56 | Consumer Cyclical | |
| NVIDIA Corporation | -0.11 | 0.02 | 0.13 | 63 | Technology | |
| Broadcom Inc. | -0.10 | 0.03 | 0.11 | 67 | Technology |
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Build a portfolio that complements MPC
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