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27 Stocks and 73 ETFs for diversifying Monolithic Power System (MPWR)

The least correlated asset to Monolithic Power System (MPWR) is ETF REW (ProShares UltraShort Technology -2x Shares). The correlation is -0.688.

Stocks that lowly correlated with MPWR

SymbolName
Market cap
SectorIndustry
Correlation
HPAIHelport AI Ltd$33MTechnologySoftware - Infrastructure-0.60
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.59
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.56
TPETTrio Petroleum Corp$3.76MEnergyOil & Gas E&p-0.56
MDCXMedicus Pharma Ltd. Common Stock$12MN/AN/A-0.53
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.48
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.47
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.46
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.46
FBLGFibroBiologics Inc$4.23MHealthcareBiotechnology-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.45
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.45
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.45
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.44
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.43
AKUSAkouos Inc$490MN/AN/A-0.41
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.41
EHGOEshallgo Inc - Class A$2.55MIndustrialsBusiness Equipment & Supplies-0.40
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.40
UMACUnusual Machines Inc$900MTechnologyComputer Hardware-0.40
HYACHaymaker Acquisition Corp. 4$330MFinancial ServicesShell Companies-0.36
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.34
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.34
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.34
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.34
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.33
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.33

ETFs that lowly correlated with MPWR

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.69
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.67
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.67
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.66
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.60
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.60
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.60
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.58
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $21M1.03%Feb 11, 2025-0.57
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.57
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.56
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.56
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.55
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.55
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.55
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.55
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.54
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.54
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.53
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.53
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.53
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.52
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.52
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.52
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.51
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.51
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.51
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.51
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.51
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.51
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.50
FNGDBank of Montreal$68MN/AJan 22, 2018-0.50
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.50
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.50
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.49
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.49
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.48
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.48
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.48
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.47
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.47
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.46
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.46
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.46
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.46
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.44
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.44
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.44
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.43
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.43
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.43
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.43
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.42
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.42
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.42
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.41
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.41
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.41
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.40
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.40
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.40
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.39
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.39
BIGYYIELDMAX(R) TARGET 12(TM) BIG 50 OPTION INCOME ETF $26M1.09%Nov 20, 2024-0.39
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.37
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.37
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.36
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.34
BTRNGLOBAL X BITCOIN TREND STRATEGY ETF $1.90M0.95%Mar 20, 2024-0.34
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.34
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.33