Looking to balance out your exposure to PLPC? The ETFs below have historically moved differently from PLPC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLPC
0 ETFs have low correlation with PLPC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.53, up from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.53 | 0.43 | 0.42 | 68 | S&P 500 | PLPC vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLPC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Praxis Precision Medicines, Inc. (PRAX) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Praxis Precision Medicines, Inc. | 0.12 | 0.15 | 0.14 | 98 | Healthcare | |
| ArcBest Corporation | 0.34 | 0.34 | 0.32 | 90 | Industrials | |
| Ormat Technologies, Inc. | 0.34 | 0.35 | 0.34 | 52 | Utilities | |
| Bel Fuse Inc. | 0.48 | 0.45 | 0.42 | 90 | Technology | |
| Rogers Corporation | 0.49 | 0.45 | 0.35 | 90 | Technology |
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