Looking to balance out your exposure to PATK? The ETFs below have the lowest correlation with PATK — they tend to move on their own, which can help reduce risk when PATK drops. The stock ideas table highlights individual companies that behave independently from PATK.
Best Diversifiers for PATK
0 ETFs have low correlation with PATK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.32, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.46 | 0.51 | 74 | S&P 500 | PATK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.46 | 0.51 | 74 | S&P 500 | PATK vs SPY | |
| Pacer US Small Cap Cash Cows 100 ETF | 0.40 | 0.64 | 0.67 | 71 | Small Cap Blend Equities | PATK vs CALF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PATK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PATK and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.02 | 0.21 | 0.29 | 74 | Energy | |
| Broadcom Inc. | 0.11 | 0.23 | 0.31 | 76 | Technology | |
| Cavco Industries, Inc. | 0.51 | 0.58 | 0.57 | 59 | Consumer Cyclical |
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