Looking to balance out your exposure to PI? The ETFs below have the lowest correlation with PI — they tend to move on their own, which can help reduce risk when PI drops. The stock ideas table highlights individual companies that behave independently from PI.
No Diversifiers Found for PI
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PI and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.10, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.10 | 0.22 | 0.33 | 57 | Technology | |
| Avino Silver & Gold Mines Ltd. | 0.11 | 0.19 | 0.19 | 73 | Basic Materials | |
| CrowdStrike Holdings, Inc. | 0.11 | 0.24 | 0.35 | 72 | Technology | |
| Natera, Inc. | 0.16 | 0.27 | 0.36 | 63 | Healthcare | |
| NVIDIA Corporation | 0.16 | 0.31 | 0.45 | 80 | Technology |
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