Looking to balance out your exposure to PKG? The ETFs below have the lowest correlation with PKG — they tend to move on their own, which can help reduce risk when PKG drops. The stock ideas table highlights individual companies that behave independently from PKG.
Best Diversifiers for PKG
0 ETFs have low correlation with PKG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.40 | 0.43 | 74 | S&P 500 | PKG vs SPY | |
| iShares Core S&P 500 ETF | 0.35 | 0.42 | 0.48 | 74 | S&P 500 | PKG vs IVV | |
| Vanguard S&P 500 ETF | 0.35 | 0.42 | 0.48 | 74 | S&P 500 | PKG vs VOO | |
| SPDR Portfolio High Yield Bond ETF | 0.36 | 0.39 | 0.42 | 64 | High Yield Bonds | PKG vs SPHY | |
| Vanguard Total Stock Market ETF | 0.39 | 0.45 | 0.50 | 73 | Large Cap Blend Equities | PKG vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PKG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PKG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.11 | 0.21 | 80 | Technology | |
| Palo Alto Networks, Inc. | 0.01 | 0.11 | 0.17 | 69 | Technology | |
| Broadcom Inc. | 0.01 | 0.13 | 0.22 | 76 | Technology | |
| CF Industries Holdings, Inc. | 0.01 | 0.16 | 0.21 | 63 | Basic Materials | |
| Sprott Physical Gold Trust | 0.03 | 0.05 | 0.08 | 71 | Financial Services |
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