Looking to balance out your exposure to MPX? The ETFs below have the lowest correlation with MPX — they tend to move on their own, which can help reduce risk when MPX drops. The stock ideas table highlights individual companies that behave independently from MPX.
No Diversifiers Found for MPX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MPX and solid risk/return profiles. The least correlated is InterDigital, Inc. (IDCC) (Communication Services) with a 1Y correlation of 0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterDigital, Inc. | 0.14 | 0.22 | 0.26 | 53 | Communication Services | |
| Dorian LPG Ltd. | 0.17 | 0.16 | 0.17 | 89 | Energy | |
| Clean Harbors, Inc. | 0.22 | 0.33 | 0.34 | 70 | Industrials | |
| Cactus, Inc. | 0.23 | 0.34 | 0.30 | 64 | Energy | |
| Tidewater Inc. | 0.23 | 0.29 | 0.28 | 80 | Energy |
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