Looking to balance out your exposure to MPV? The ETFs below have historically moved differently from MPV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MPV
3 ETFs have low correlation with MPV (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.02 | 0.09 | 95 | Dividend | MPV vs SCHD | |
| Janus Henderson B-BBB CLO ETF | 0.08 | 0.06 | — | 65 | CLO | MPV vs JBBB | |
| Vanguard S&P 500 ETF | 0.20 | 0.13 | 0.13 | 78 | S&P 500 | MPV vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MPV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.16, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.16 | 0.10 | 0.09 | 72 | Financial Services | |
| Reaves Utility Income Trust | 0.21 | 0.11 | 0.13 | 55 | Financial Services |
Build a portfolio that complements MPV
Add MPV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MPV