Looking to balance out your exposure to PLG? The ETFs below have the lowest correlation with PLG — they tend to move on their own, which can help reduce risk when PLG drops. The stock ideas table highlights individual companies that behave independently from PLG.
Best Diversifiers for PLG
0 ETFs have low correlation with PLG (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 0.41, up from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.33 | 0.31 | 74 | S&P 500 | PLG vs SPY | |
| Vanguard S&P 500 ETF | 0.42 | 0.33 | 0.31 | 74 | S&P 500 | PLG vs VOO | |
| Vanguard Total Stock Market ETF | 0.42 | 0.34 | 0.33 | 73 | Large Cap Blend Equities | PLG vs VTI | |
| iShares Silver Trust | 0.63 | 0.55 | 0.54 | 51 | Silver, Precious Metals | PLG vs SLV | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.70 | 0.61 | 0.61 | 57 | Silver, Precious Metals | PLG vs SLVP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLG and solid risk/return profiles. The least correlated is Anglo American Platinum ADR (ANGPY) (Basic Materials) with a 1Y correlation of 0.65, up from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Anglo American Platinum ADR | 0.65 | 0.46 | 0.44 | 81 | Basic Materials | |
| Avino Silver & Gold Mines Ltd. | 0.65 | 0.55 | 0.55 | 73 | Basic Materials |
Build a portfolio that complements PLG
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