Looking to balance out your exposure to PLAB? The ETFs below have the lowest correlation with PLAB — they tend to move on their own, which can help reduce risk when PLAB drops. The stock ideas table highlights individual companies that behave independently from PLAB.
Best Diversifiers for PLAB
0 ETFs have low correlation with PLAB (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 0.63, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.63 | 0.64 | 0.62 | 66 | S&P 500 | PLAB vs SPY | |
| Vanguard S&P 500 ETF | 0.63 | 0.64 | 0.62 | 66 | S&P 500 | PLAB vs VOO | |
| Vanguard Information Technology ETF | 0.67 | 0.67 | 0.66 | 57 | Technology Equities | PLAB vs VGT | |
| State Street Technology Select Sector SPDR ETF | 0.67 | 0.66 | 0.65 | 63 | Technology Equities | PLAB vs XLK | |
| VanEck Semiconductor ETF | 0.77 | 0.73 | 0.73 | 92 | Semiconductors, Technology Equities | PLAB vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLAB and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.06, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.06 | 0.12 | 0.24 | 53 | Financial Services | |
| Old Republic International Corporation | -0.03 | 0.10 | 0.21 | 74 | Financial Services | |
| Cincinnati Financial Corporation | -0.03 | 0.10 | 0.20 | 80 | Financial Services | |
| Essent Group Ltd. | 0.04 | 0.22 | 0.34 | 68 | Financial Services | |
| MGIC Investment Corporation | 0.07 | 0.24 | 0.35 | 63 | Financial Services |
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