Looking to balance out your exposure to PKOH? The ETFs below have the lowest correlation with PKOH — they tend to move on their own, which can help reduce risk when PKOH drops. The stock ideas table highlights individual companies that behave independently from PKOH.
No Diversifiers Found for PKOH
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PKOH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PKOH and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.12, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.12 | 0.19 | 0.20 | 71 | Energy | |
| JPMorgan Chase & Co. | 0.24 | 0.30 | 0.27 | 67 | Financial Services |
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