Looking to balance out your exposure to PLAB? The ETFs below have historically moved differently from PLAB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.65, roughly unchanged from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.65 | 0.64 | 0.63 | 67 | S&P 500 | PLAB vs SPY | |
| Vanguard S&P 500 ETF | 0.65 | 0.64 | 0.63 | 68 | S&P 500 | PLAB vs VOO | |
| State Street Technology Select Sector SPDR ETF | 0.68 | 0.66 | 0.66 | 55 | Technology Equities | PLAB vs XLK | |
| Vanguard Information Technology ETF | 0.69 | 0.67 | 0.66 | 52 | Technology Equities | PLAB vs VGT | |
| VanEck Semiconductor ETF | 0.78 | 0.73 | 0.73 | 87 | Semiconductors, Technology Equities | PLAB vs SMH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLAB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.09, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.09 | 0.11 | 0.24 | 61 | Financial Services | |
| Old Republic International Corporation | -0.07 | 0.10 | 0.21 | 77 | Financial Services | |
| Cincinnati Financial Corporation | -0.05 | 0.09 | 0.19 | 76 | Financial Services | |
| Essent Group Ltd. | 0.00 | 0.21 | 0.33 | 69 | Financial Services | |
| MGIC Investment Corporation | 0.02 | 0.22 | 0.33 | 67 | Financial Services |
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