Looking to balance out your exposure to PINE? The ETFs below have historically moved differently from PINE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PINE
15 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 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.01 | 0.10 | 0.16 | 52 | Technology Equities | PINE vs VGT | |
| Franklin FTSE South Korea ETF | 0.00 | 0.14 | 0.17 | 85 | South Korea Equities, Asia Pacific Equities | PINE vs FLKR | |
| iShares Semiconductor ETF | 0.02 | 0.10 | 0.15 | 90 | Semiconductors, Technology Equities | PINE vs SOXX | |
| Breakwave Tanker Shipping ETF | 0.02 | 0.03 | — | 99 | Commodities | PINE vs BWET | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.21 | 0.27 | 67 | S&P 500 | PINE vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PINE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | -0.06 | 0.09 | 0.17 | 94 | Energy | |
| Ciena Corporation | 0.02 | 0.10 | 0.16 | 97 | Technology | |
| Bristol-Myers Squibb Company | 0.21 | 0.21 | 0.20 | 92 | Healthcare | |
| AGNC Investment Corp. | 0.23 | 0.31 | 0.30 | 79 | Real Estate | |
| Annaly Capital Management, Inc. | 0.26 | 0.32 | 0.33 | 80 | Real Estate |
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