Looking to balance out your exposure to PINE? The ETFs below have the lowest correlation with PINE — they tend to move on their own, which can help reduce risk when PINE drops. The stock ideas table highlights individual companies that behave independently from PINE.
Best Diversifiers for PINE
2 ETFs have low correlation with PINE (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.01 | 0.11 | 0.18 | 76 | Technology Equities | PINE vs VGT | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.23 | 0.29 | 74 | S&P 500 | PINE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PINE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PINE and solid risk/return profiles. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | -0.02 | 0.13 | 0.19 | 97 | Energy | |
| Ciena Corporation | 0.02 | 0.12 | 0.18 | 99 | Technology | |
| Bristol-Myers Squibb Company | 0.22 | 0.22 | 0.21 | 68 | Healthcare | |
| Alexander's, Inc. | 0.27 | 0.36 | 0.38 | 60 | Real Estate | |
| Millrose Properties, Inc | 0.30 | — | — | 56 | Real Estate |
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