Looking to balance out your exposure to PK? The ETFs below have the lowest correlation with PK — they tend to move on their own, which can help reduce risk when PK drops. The stock ideas table highlights individual companies that behave independently from PK.
Best Diversifiers for PK
2 ETFs have low correlation with PK (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.20, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.20 | 0.32 | 0.40 | 63 | Nasdaq-100, Derivative Income | PK vs JEPQ | |
| Vanguard Information Technology ETF | 0.22 | 0.36 | 0.46 | 58 | Technology Equities | PK vs VGT | |
| Vanguard S&P 500 ETF | 0.38 | 0.50 | 0.56 | 59 | S&P 500 | PK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PK and solid risk/return profiles. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.09, down from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.09 | 0.27 | — | 87 | Industrials | |
| Brookfield Renewable Corporation | 0.17 | 0.20 | 0.20 | 62 | Utilities | |
| HF Sinclair Corp | 0.20 | 0.28 | 0.34 | 85 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.22 | 0.17 | 0.26 | 78 | Industrials | |
| AGNC Investment Corp. | 0.40 | 0.42 | 0.47 | 77 | Real Estate |
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