Looking to diversify beyond PLTA? The ETFs below have the lowest correlation with PLTA — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PLTA.
Best Diversifiers for PLTA
2 ETFs have low correlation with PLTA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long TSM Daily ETF | 0.24 | — | — | 67 | Leveraged Equities | PLTA vs TSMG | |
| ProShares Ultra Semiconductors | 0.26 | 0.26 | 0.26 | 61 | Leveraged Equities, Semiconductors | PLTA vs USD | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.38 | 0.38 | 0.38 | 77 | Leveraged Equities | PLTA vs XTJL | |
| ProShares Ultra S&P500 | 0.42 | 0.42 | 0.42 | 51 | Leveraged Equities, S&P 500 | PLTA vs SSO |
Diversification Analysis
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