Looking to balance out your exposure to PLPC? The ETFs below have the lowest correlation with PLPC — they tend to move on their own, which can help reduce risk when PLPC drops. The stock ideas table highlights individual companies that behave independently from PLPC.
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 0.49, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.49 | 0.42 | 0.42 | 74 | S&P 500 | PLPC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLPC and solid risk/return profiles. The least correlated is Praxis Precision Medicines, Inc. (PRAX) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Praxis Precision Medicines, Inc. | 0.04 | 0.12 | 0.13 | 98 | Healthcare | |
| Ormat Technologies, Inc. | 0.33 | 0.35 | 0.33 | 92 | Utilities | |
| Acuity Brands, Inc. | 0.34 | 0.38 | 0.36 | 54 | Industrials | |
| ArcBest Corporation | 0.35 | 0.34 | 0.32 | 89 | Industrials | |
| Veeco Instruments Inc. | 0.44 | 0.39 | 0.37 | 96 | Technology |
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