Looking to balance out your exposure to MPLX? The ETFs below have the lowest correlation with MPLX — they tend to move on their own, which can help reduce risk when MPLX drops. The stock ideas table highlights individual companies that behave independently from MPLX.
Best Diversifiers for MPLX
242 ETFs have low correlation with MPLX (below 0.3), 67 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.13 | 0.05 | 0.03 | 76 | Municipal Bonds | MPLX vs VTEB | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.11 | 0.03 | 0.01 | 73 | Municipal Bonds | MPLX vs VTES | |
| Vanguard Ultra-Short Bond ETF | -0.10 | 0.05 | 0.06 | 99 | Ultrashort Bond | MPLX vs VUSB | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.10 | 0.05 | 0.13 | 87 | Inflation-Protected Bonds | MPLX vs VTIP | |
| iShares National AMT-Free Muni Bond ETF | -0.09 | 0.06 | 0.04 | 70 | Municipal Bonds | MPLX vs MUB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPLX and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of -0.11, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | -0.11 | 0.09 | 0.14 | 74 | Technology | |
| Seagate Technology plc | -0.11 | 0.06 | 0.17 | 99 | Technology | |
| Micron Technology, Inc. | -0.10 | 0.10 | 0.18 | 99 | Technology | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.12 | 0.16 | 66 | Technology | |
| Fortinet, Inc. | -0.07 | 0.07 | 0.14 | 67 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MPLX
Add MPLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MPLX