Looking to balance out your exposure to MPNGY? The ETFs below have the lowest correlation with MPNGY — they tend to move on their own, which can help reduce risk when MPNGY drops. The stock ideas table highlights individual companies that behave independently from MPNGY.
No Diversifiers Found for MPNGY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPNGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPNGY and solid risk/return profiles. The least correlated is Orange S.A (ORANY) (Communication Services) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orange S.A | 0.03 | 0.04 | 0.08 | 84 | Communication Services | |
| Linde plc | 0.03 | 0.14 | 0.16 | 60 | Basic Materials | |
| National Oilwell Varco, Inc. | 0.14 | 0.21 | 0.17 | 76 | Energy | |
| Shell plc | 0.14 | 0.22 | 0.20 | 64 | Energy | |
| AstraZeneca PLC | 0.16 | 0.14 | 0.13 | 76 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MPNGY
Add MPNGY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MPNGY