Looking to balance out your exposure to PINS? The ETFs below have the lowest correlation with PINS — they tend to move on their own, which can help reduce risk when PINS drops. The stock ideas table highlights individual companies that behave independently from PINS.
Best Diversifiers for PINS
5 ETFs have low correlation with PINS (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.02, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.02 | 0.20 | 0.31 | 80 | Dividend | PINS vs SCHD | |
| Invesco S&P 500 Momentum ETF | 0.22 | 0.36 | 0.42 | 75 | Momentum, S&P 500 | PINS vs SPMO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.42 | 0.51 | 70 | S&P 500 | PINS vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.42 | 0.51 | 70 | S&P 500 | PINS vs VOO | |
| Invesco QQQ ETF | 0.30 | 0.44 | 0.53 | 73 | Nasdaq-100 | PINS vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PINS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PINS and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.14 | -0.07 | 0.01 | 56 | Consumer Defensive | |
| Verizon Communications Inc. | -0.09 | -0.07 | 0.04 | 59 | Communication Services | |
| Walmart Inc. | -0.09 | 0.03 | 0.09 | 63 | Consumer Defensive | |
| Bristol-Myers Squibb Company | -0.06 | 0.02 | 0.07 | 63 | Healthcare | |
| Gilead Sciences, Inc. | -0.05 | 0.03 | 0.10 | 63 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PINS
Add PINS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PINS