Looking to diversify beyond PLTM? The ETFs below have historically moved differently from PLTM, 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 PLTM
770 ETFs have low correlation with PLTM (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.21 | — | 61 | Cryptocurrency | PLTM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PLTM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | PLTM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | PLTM vs WNTR | |
| Invesco DB Energy Fund | -0.14 | 0.05 | 0.14 | 72 | Oil & Gas | PLTM vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLTM, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.02 | 0.07 | 0.16 | 84 | Energy | |
| Hafnia Limited | 0.07 | 0.17 | 0.17 | 82 | Industrials | |
| International Seaways, Inc. | 0.09 | 0.12 | 0.14 | 99 | Industrials | |
| BW LPG Limited | 0.10 | 0.13 | 0.11 | 91 | Industrials | |
| Mueller Industries, Inc. | 0.15 | 0.17 | 0.18 | 86 | Industrials |
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