Looking to balance out your exposure to PII? The ETFs below have the lowest correlation with PII — they tend to move on their own, which can help reduce risk when PII drops. The stock ideas table highlights individual companies that behave independently from PII.
Best Diversifiers for PII
0 ETFs have low correlation with PII (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.39, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.39 | 0.41 | 0.51 | 74 | S&P 500 | PII vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PII and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.00 | 0.07 | 0.21 | 57 | Technology | |
| Walmart Inc. | 0.02 | 0.05 | 0.17 | 66 | Consumer Defensive | |
| Chevron Corporation | 0.02 | 0.22 | 0.25 | 84 | Energy | |
| Palo Alto Networks, Inc. | 0.05 | 0.08 | 0.20 | 69 | Technology | |
| Höegh Autoliners ASA | 0.07 | 0.02 | — | 81 | Industrials |
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