Looking to balance out your exposure to PETZ? The ETFs below have the lowest correlation with PETZ — they tend to move on their own, which can help reduce risk when PETZ drops. The stock ideas table highlights individual companies that behave independently from PETZ.
Best Diversifiers for PETZ
1 ETFs have low correlation with PETZ (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.08, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.08 | 0.11 | 0.18 | 51 | S&P 500, Large Cap Growth Equities | PETZ vs SPYG |
Diversification Analysis
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