Looking to balance out your exposure to MPWR? The ETFs below have the lowest correlation with MPWR — they tend to move on their own, which can help reduce risk when MPWR drops. The stock ideas table highlights individual companies that behave independently from MPWR.
Best Diversifiers for MPWR
5 ETFs have low correlation with MPWR (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.03 | 0.08 | 0.15 | 63 | Energy Equities | MPWR vs XLE | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.23 | 0.25 | 0.25 | 55 | Silver, Precious Metals | MPWR vs SLVP | |
| Schwab U.S. Dividend Equity ETF | 0.25 | 0.33 | 0.42 | 80 | Dividend | MPWR vs SCHD | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.27 | 0.28 | 0.29 | 89 | Energy Equities | MPWR vs XES | |
| iMGP DBi Managed Futures Strategy ETF | 0.28 | 0.20 | 0.07 | 83 | Systematic Trend | MPWR vs DBMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPWR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPWR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.10 | -0.04 | 69 | Consumer Defensive | |
| Fortis Inc | -0.19 | -0.02 | 0.04 | 76 | Utilities | |
| Verizon Communications Inc. | -0.15 | -0.09 | -0.04 | 59 | Communication Services | |
| Walmart Inc. | -0.01 | 0.05 | 0.10 | 63 | Consumer Defensive | |
| Archer-Daniels-Midland Company | -0.00 | 0.06 | 0.10 | 94 | Consumer Defensive |
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Build a portfolio that complements MPWR
Add MPWR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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