Looking to balance out your exposure to MPV? The ETFs below have the lowest correlation with MPV — they tend to move on their own, which can help reduce risk when MPV drops. The stock ideas table highlights individual companies that behave independently from MPV.
Best Diversifiers for MPV
5 ETFs have low correlation with MPV (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson B-BBB CLO ETF (JBBB) (CLO) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson B-BBB CLO ETF | 0.08 | 0.07 | — | 51 | CLO | MPV vs JBBB | |
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.05 | 0.10 | 80 | Dividend | MPV vs SCHD | |
| Vanguard S&P 500 ETF | 0.16 | 0.12 | 0.12 | 70 | S&P 500 | MPV vs VOO | |
| First Trust NASDAQ Technology Dividend Index Fund | 0.16 | 0.12 | 0.12 | 83 | Technology Equities, Dividend | MPV vs TDIV | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.18 | 0.09 | 0.13 | 56 | Preferred Stock/Convertible Bonds | MPV vs PFFA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPV and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.15 | 0.09 | 0.11 | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.22 | 0.10 | 0.10 | 63 | Financial Services |
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