Looking to balance out your exposure to PLMR? The ETFs below have the lowest correlation with PLMR — they tend to move on their own, which can help reduce risk when PLMR drops. The stock ideas table highlights individual companies that behave independently from PLMR.
Best Diversifiers for PLMR
6 ETFs have low correlation with PLMR (below 0.3), 6 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.20 | -0.00 | 0.16 | 60 | Leveraged Equities, Semiconductors | PLMR vs USD | |
| Invesco QQQ ETF | -0.12 | 0.10 | 0.24 | 53 | Nasdaq-100 | PLMR vs QQQ | |
| Invesco S&P 500 Momentum ETF | -0.12 | 0.14 | 0.24 | 51 | Momentum, S&P 500 | PLMR vs SPMO | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.12 | 0.10 | — | 60 | Nasdaq-100, Derivative Income | PLMR vs JEPQ | |
| PIMCO Enhanced Short Maturity Active ETF | -0.05 | 0.03 | 0.08 | 100 | Ultrashort Bond | PLMR vs MINT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLMR and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.20, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.20 | 0.03 | 0.19 | 92 | Industrials | |
| Celestica Inc. | -0.19 | 0.04 | 0.15 | 79 | Technology | |
| Advanced Micro Devices, Inc. | -0.16 | -0.00 | 0.12 | 96 | Technology | |
| ACM Research, Inc. | -0.14 | 0.03 | 0.16 | 89 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.13 | 0.00 | 0.13 | 89 | Technology |
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