Looking to balance out your exposure to PKST? The ETFs below have the lowest correlation with PKST — they tend to move on their own, which can help reduce risk when PKST drops. The stock ideas table highlights individual companies that behave independently from PKST.
No Diversifiers Found for PKST
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 PKST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PKST and solid risk/return profiles. The least correlated is CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.01 | 0.14 | 0.08 | 80 | Real Estate |
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