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
7 ETFs have low correlation with PLMR (below 0.3), 2 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.07 | 0.05 | 0.19 | 90 | Leveraged Equities, Semiconductors | PLMR vs USD | |
| PIMCO Enhanced Short Maturity Active ETF | -0.04 | 0.06 | 0.08 | 100 | Ultrashort Bond | PLMR vs MINT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.03 | 0.14 | 0.22 | 74 | Nasdaq-100, Derivative Income | PLMR vs JEPQ | |
| iShares Core S&P U.S. Growth ETF | 0.04 | 0.16 | 0.28 | 59 | Large Cap Growth Equities | PLMR vs IUSG | |
| Invesco QQQ ETF | 0.04 | 0.14 | 0.26 | 73 | Nasdaq-100 | PLMR vs QQQ |
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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 Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.13 | 0.06 | 0.17 | 94 | Technology | |
| Centrus Energy Corp. | -0.12 | 0.05 | 0.17 | 55 | Energy | |
| Talos Energy Inc. | -0.08 | 0.01 | 0.11 | 83 | Energy | |
| Alphabet Inc. Class A | -0.08 | 0.05 | 0.20 | 96 | Communication Services | |
| Oklo Inc. | -0.08 | 0.06 | 0.07 | 52 | Utilities |
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