Looking to diversify beyond MPL? The ETFs below have the lowest correlation with MPL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MPL.
Best Diversifiers for MPL
1 ETFs have low correlation with MPL (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Growth Accelerated Plus ETF - July (QTJL) (Leveraged Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Growth Accelerated Plus ETF - July | 0.28 | 0.28 | 0.28 | 72 | Leveraged Equities | MPL vs QTJL | |
| GraniteShares 2x Long INTC Daily ETF | 0.32 | — | — | 98 | Leveraged Equities | MPL vs INTW | |
| Defiance S&P 500 Income Target ETF | 0.37 | 0.37 | 0.37 | 51 | Derivative Income, S&P 500 | MPL vs SPYT | |
| Leverage Shares 2X Long ASML Daily ETF | 0.39 | 0.39 | 0.39 | 88 | Leveraged Equities | MPL vs ASMG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.42 | 0.42 | 0.42 | 77 | Leveraged Equities | MPL vs XTJL |
See all 9 diversifiers for MPL
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