Looking to diversify beyond MULL? The ETFs below have the lowest correlation with MULL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MULL.
Best Diversifiers for MULL
518 ETFs have low correlation with MULL (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Texas Capital Government Money Market ETF | -0.17 | — | — | 100 | Money Market | MULL vs MMKT | |
| iShares Core High Dividend ETF | -0.16 | — | — | 70 | Dividend, Large Cap Value Equities | MULL vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | — | — | 69 | Large Cap Value Equities, Dividend | MULL vs FDL | |
| VanEck Energy Income ETF | -0.13 | — | — | 64 | Energy Equities | MULL vs EINC | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.09 | 0.09 | 55 | MLPs | MULL vs MLPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MULL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MULL and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 1.00 | 1.00 | 1.00 | 99 | Technology |
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