Looking to balance out your exposure to PLNT? The ETFs below have the lowest correlation with PLNT — they tend to move on their own, which can help reduce risk when PLNT drops. The stock ideas table highlights individual companies that behave independently from PLNT.
Best Diversifiers for PLNT
4 ETFs have low correlation with PLNT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.11, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.11 | 0.25 | 0.37 | 83 | Technology Equities | PLNT vs XLK | |
| Invesco QQQ ETF | 0.13 | 0.28 | 0.40 | 73 | Nasdaq-100 | PLNT vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.36 | 0.45 | 70 | S&P 500 | PLNT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.36 | 0.45 | 70 | S&P 500 | PLNT vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.34 | 0.39 | 80 | Dividend | PLNT vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLNT and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.11 | 0.11 | 0.09 | 62 | Healthcare |
Build a portfolio that complements PLNT
Add PLNT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLNT