Looking to balance out your exposure to PANL? The ETFs below have the lowest correlation with PANL — they tend to move on their own, which can help reduce risk when PANL drops. The stock ideas table highlights individual companies that behave independently from PANL.
Best Diversifiers for PANL
1 ETFs have low correlation with PANL (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.30, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.31 | 0.32 | 85 | Dividend | PANL vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.29 | 0.31 | 74 | S&P 500 | PANL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PANL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PANL and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.08 | 0.09 | 0.04 | 94 | Healthcare |
Build a portfolio that complements PANL
Add PANL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PANL