Looking to balance out your exposure to MPT? The ETFs below have the lowest correlation with MPT — they tend to move on their own, which can help reduce risk when MPT drops. The stock ideas table highlights individual companies that behave independently from MPT.
Best Diversifiers for MPT
15 ETFs have low correlation with MPT (below 0.3), 2 of which are negatively correlated. The least correlated is Janus Henderson AAA CLO ETF (JAAA) (CLO) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | -0.08 | 0.03 | 0.05 | 98 | CLO | MPT vs JAAA | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.01 | 0.19 | 0.27 | 87 | Technology Equities | MPT vs WTAI | |
| Global X NASDAQ 100 Covered Call ETF | 0.01 | 0.16 | 0.25 | 84 | Nasdaq-100, Derivative Income | MPT vs QYLD | |
| ProShares UltraPro QQQ | 0.03 | 0.16 | 0.25 | 53 | Leveraged Equities | MPT vs TQQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.03 | 0.15 | — | 63 | Nasdaq-100, Derivative Income | MPT vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPT and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.06, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | 0.09 | 0.14 | 70 | Energy | |
| NVIDIA Corporation | -0.02 | 0.07 | 0.15 | 72 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | -0.02 | 0.12 | 0.13 | 75 | Energy | |
| Broadcom Inc. | -0.01 | 0.06 | 0.14 | 72 | Technology | |
| Unity Software Inc. | -0.01 | 0.20 | 0.26 | 51 | Technology |
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Build a portfolio that complements MPT
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