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
291 ETFs have low correlation with MPLX (below 0.3), 127 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.15 | 0.02 | 0.01 | 73 | Municipal Bonds | MPLX vs VTEB | |
| iShares National AMT-Free Muni Bond ETF | -0.14 | 0.01 | 0.01 | 68 | Municipal Bonds | MPLX vs MUB | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | -0.13 | 0.02 | 0.01 | 74 | Municipal Bonds | MPLX vs VTES | |
| Vanguard Ultra-Short Bond ETF | -0.12 | 0.05 | 0.06 | 98 | Ultrashort Bond | MPLX vs VUSB | |
| Schwab Short-Term U.S. Treasury ETF | -0.12 | -0.03 | -0.03 | 82 | Government Bonds, Short-Term Bond | MPLX vs SCHO |
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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 Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.12 | 0.07 | 0.17 | 99 | Technology | |
| First Solar, Inc. | -0.10 | 0.09 | 0.15 | 81 | Technology | |
| Oracle Corporation | -0.09 | 0.10 | 0.18 | 61 | Technology | |
| Micron Technology, Inc. | -0.09 | 0.11 | 0.19 | 99 | Technology | |
| Nokia Corporation | -0.08 | 0.13 | 0.22 | 96 | Technology |
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