Looking to balance out your exposure to PETS? The ETFs below have the lowest correlation with PETS — they tend to move on their own, which can help reduce risk when PETS drops. The stock ideas table highlights individual companies that behave independently from PETS.
Best Diversifiers for PETS
3 ETFs have low correlation with PETS (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 0.24, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.28 | 0.31 | 60 | S&P 500 | PETS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.28 | 0.31 | 60 | S&P 500 | PETS vs SPY | |
| Vanguard Total Stock Market ETF | 0.26 | 0.30 | 0.33 | 60 | Large Cap Blend Equities | PETS vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PETS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PETS and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.04 | 0.07 | 0.08 | 59 | Consumer Defensive | |
| Altria Group, Inc. | -0.03 | 0.02 | 0.06 | 74 | Consumer Defensive | |
| Quest Diagnostics Incorporated | -0.01 | 0.09 | 0.12 | 63 | Healthcare | |
| Verizon Communications Inc. | 0.05 | 0.07 | 0.09 | 62 | Communication Services | |
| Halliburton Company | 0.08 | 0.15 | 0.17 | 86 | Energy |
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