Looking to balance out your exposure to PK? The ETFs below have historically moved differently from PK, 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 PK
2 ETFs have low correlation with PK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.19, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.19 | 0.34 | 0.45 | 52 | Technology Equities | PK vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.22 | 0.36 | — | 55 | Nasdaq-100, Derivative Income | PK vs JEPQ | |
| Vanguard S&P 500 ETF | 0.33 | 0.48 | 0.55 | 68 | S&P 500 | PK vs VOO | |
| Invesco KBW Premium Yield Equity REIT ETF | 0.66 | 0.63 | 0.61 | 81 | REIT, Dividend | PK vs KBWY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PK, 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 Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.08, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.08 | 0.25 | 0.33 | 62 | Industrials | |
| HF Sinclair Corp | 0.15 | 0.27 | 0.32 | 96 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.16 | 0.16 | 0.24 | 82 | Industrials | |
| AGNC Investment Corp. | 0.38 | 0.42 | 0.46 | 79 | Real Estate | |
| Citigroup Inc. | 0.39 | 0.46 | 0.52 | 84 | Financial Services |
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