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
251 ETFs have low correlation with MPLX (below 0.3), 111 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.13 | — | — | 98 | Leveraged Equities, Semiconductors | MPLX vs MUU | |
| Vanguard Tax-Exempt Bond ETF | -0.12 | 0.04 | 0.03 | 80 | Municipal Bonds | MPLX vs VTEB | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.11 | 0.04 | — | 69 | Municipal Bonds | MPLX vs VTES | |
| iShares National AMT-Free Muni Bond ETF | -0.10 | 0.05 | 0.03 | 76 | Municipal Bonds | MPLX vs MUB | |
| Invesco AI and Next Gen Software ETF | -0.10 | 0.12 | 0.21 | 85 | Technology Equities | MPLX vs IGPT |
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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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.16 | 0.09 | 0.17 | 99 | Technology | |
| Seagate Technology plc | -0.16 | 0.04 | 0.16 | 98 | Technology | |
| Western Digital Corporation | -0.14 | 0.07 | 0.18 | 99 | Technology | |
| First Solar, Inc. | -0.11 | 0.08 | 0.14 | 61 | Technology | |
| Nokia Corporation | -0.10 | 0.10 | 0.21 | 90 | Technology |
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