Looking to balance out your exposure to PLAY? The ETFs below have the lowest correlation with PLAY — they tend to move on their own, which can help reduce risk when PLAY drops. The stock ideas table highlights individual companies that behave independently from PLAY.
Best Diversifiers for PLAY
2 ETFs have low correlation with PLAY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco ESG NASDAQ 100 ETF (QQMG) (Nasdaq-100) with a 1Y correlation of 0.19, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco ESG NASDAQ 100 ETF | 0.19 | 0.23 | 0.33 | 74 | Nasdaq-100 | PLAY vs QQMG | |
| Vanguard Large-Cap ETF | 0.29 | 0.33 | 0.39 | 67 | Large Cap Growth Equities | PLAY vs VV | |
| Vanguard S&P 500 ETF | 0.30 | 0.34 | 0.39 | 70 | S&P 500 | PLAY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.34 | 0.39 | 70 | S&P 500 | PLAY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLAY and solid risk/return profiles. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of 0.12, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | 0.12 | 0.19 | 0.27 | 96 | Technology | |
| Apple Inc | 0.19 | 0.17 | 0.24 | 89 | Technology | |
| Caterpillar Inc. | 0.21 | 0.31 | 0.34 | 98 | Industrials |
Build a portfolio that complements PLAY
Add PLAY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLAY