Looking to balance out your exposure to PCTY? The ETFs below have the lowest correlation with PCTY — they tend to move on their own, which can help reduce risk when PCTY drops. The stock ideas table highlights individual companies that behave independently from PCTY.
Best Diversifiers for PCTY
3 ETFs have low correlation with PCTY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.14, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.14 | 0.31 | 0.52 | 73 | Nasdaq-100 | PCTY vs QQQ | |
| Vanguard S&P 500 ETF | 0.18 | 0.36 | 0.52 | 70 | S&P 500 | PCTY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.36 | 0.52 | 70 | S&P 500 | PCTY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCTY and solid risk/return profiles. The least correlated is Teradyne, Inc. (TER) (Technology) with a 1Y correlation of -0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teradyne, Inc. | -0.16 | 0.18 | 0.34 | 98 | Technology | |
| Nova Ltd | -0.13 | 0.08 | 0.26 | 92 | Technology | |
| KLA Corporation | -0.11 | 0.13 | 0.29 | 95 | Technology | |
| Eli Lilly and Company | -0.09 | 0.03 | 0.11 | 72 | Healthcare | |
| ASML Holding N.V. | -0.08 | 0.13 | 0.30 | 94 | Technology |
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