Looking to balance out your exposure to PLSE? The ETFs below have the lowest correlation with PLSE — they tend to move on their own, which can help reduce risk when PLSE drops. The stock ideas table highlights individual companies that behave independently from PLSE.
Best Diversifiers for PLSE
1 ETFs have low correlation with PLSE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | -0.05 | -0.01 | 100 | Ultrashort Bond | PLSE vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLSE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLSE and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.09, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.09 | 0.19 | 0.21 | 59 | Technology | |
| Lumen Technologies, Inc. | 0.12 | 0.18 | 0.18 | 81 | Communication Services | |
| AST SpaceMobile, Inc. | 0.13 | 0.24 | 0.21 | 91 | Communication Services | |
| NVIDIA Corporation | 0.17 | 0.15 | 0.18 | 78 | Technology | |
| Tesla, Inc. | 0.28 | 0.23 | 0.23 | 55 | Consumer Cyclical |
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