Looking to balance out your exposure to MTPLF? The ETFs below have the lowest correlation with MTPLF — they tend to move on their own, which can help reduce risk when MTPLF drops. The stock ideas table highlights individual companies that behave independently from MTPLF.
Best Diversifiers for MTPLF
2 ETFs have low correlation with MTPLF (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.01 | 0.01 | 100 | Ultrashort Bond | MTPLF vs SGOV | |
| Vanguard Energy ETF | 0.08 | 0.07 | 0.07 | 64 | Energy Equities | MTPLF vs VDE | |
| Invesco QQQ ETF | 0.37 | — | — | 73 | Nasdaq-100 | MTPLF vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTPLF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTPLF and solid risk/return profiles. The least correlated is CRISPR Therapeutics AG (CRSP) (Healthcare) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CRISPR Therapeutics AG | 0.19 | 0.17 | 0.17 | 58 | Healthcare | |
| AST SpaceMobile, Inc. | 0.19 | — | — | 91 | Communication Services | |
| Broadcom Inc. | 0.25 | — | — | 84 | Technology | |
| Tesla, Inc. | 0.25 | — | — | 55 | Consumer Cyclical | |
| Joby Aviation, Inc. | 0.28 | 0.22 | 0.22 | 57 | Industrials |
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