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
18 ETFs have low correlation with MPT (below 0.3), 1 of which are negatively correlated. The least correlated is Janus Henderson AAA CLO ETF (JAAA) (CLO) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | -0.04 | 0.03 | 0.05 | 98 | CLO | MPT vs JAAA | |
| Global X NASDAQ 100 Covered Call ETF | 0.04 | 0.17 | 0.26 | 88 | Nasdaq-100, Derivative Income | MPT vs QYLD | |
| WisdomTree Artificial Intelligence and Innovation ... | 0.05 | 0.21 | 0.28 | 92 | Technology Equities | MPT vs WTAI | |
| WisdomTree U.S. Quality Growth Fund | 0.06 | 0.14 | — | 54 | Large Cap Growth Equities | MPT vs QGRW | |
| Vanguard S&P 500 Growth ETF | 0.06 | 0.16 | 0.26 | 58 | S&P 500, Large Cap Growth Equities | MPT vs VOOG |
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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 -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.03 | 0.09 | 0.15 | 83 | Energy | |
| The Williams Companies, Inc. | -0.02 | 0.16 | 0.24 | 66 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.02 | 0.12 | 0.13 | 86 | Energy | |
| NVIDIA Corporation | -0.00 | 0.07 | 0.15 | 78 | Technology | |
| Altria Group, Inc. | 0.01 | 0.18 | 0.24 | 69 | Consumer Defensive |
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