Looking to balance out your exposure to PLTR? The ETFs below have the lowest correlation with PLTR — they tend to move on their own, which can help reduce risk when PLTR drops. The stock ideas table highlights individual companies that behave independently from PLTR.
Best Diversifiers for PLTR
161 ETFs have low correlation with PLTR (below 0.3), 18 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.14 | 0.09 | 0.17 | 64 | Dividend, Large Cap Value Equities | PLTR vs HDV | |
| Invesco BulletShares 2028 Municipal Bond ETF | -0.08 | 0.08 | 0.08 | 83 | Municipal Bonds | PLTR vs BSMS | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | -0.06 | 0.04 | — | 73 | Municipal Bonds | PLTR vs VTES | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.06 | 0.03 | 0.06 | 75 | Municipal Bonds | PLTR vs FLMI | |
| Vanguard Short-Term Treasury ETF | -0.04 | -0.00 | 0.03 | 83 | Government Bonds, Short-Term Bond | PLTR vs VGSH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLTR and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.11 | -0.03 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.22 | -0.15 | -0.06 | 92 | Healthcare | |
| Duke Energy Corporation | -0.21 | -0.12 | -0.07 | 53 | Utilities | |
| PepsiCo, Inc. | -0.20 | -0.09 | -0.04 | 56 | Consumer Defensive | |
| The Hershey Company | -0.19 | -0.08 | -0.08 | 55 | Consumer Defensive |
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