Looking to balance out your exposure to MRP? The ETFs below have the lowest correlation with MRP — they tend to move on their own, which can help reduce risk when MRP drops. The stock ideas table highlights individual companies that behave independently from MRP.
Best Diversifiers for MRP
1 ETFs have low correlation with MRP (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust STOXX European Select Dividend Index F... | 0.30 | — | — | 64 | Europe Equities, Dividend | MRP vs FDD | |
| Vanguard High Dividend Yield ETF | 0.47 | 0.48 | 0.48 | 77 | Dividend | MRP vs VYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MRP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRP and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.02 | — | — | 60 | Energy | |
| American Healthcare REIT, Inc. | 0.10 | — | — | 81 | Real Estate | |
| HF Sinclair Corp | 0.13 | — | — | 92 | Energy | |
| Brookfield Infrastructure Partners LP | 0.17 | — | — | 70 | Utilities | |
| Portland General Electric Company | 0.18 | — | — | 72 | Utilities |
See all 8 low-correlation stocks for MRP
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Diversification Analysis
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