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
142 ETFs have low correlation with PLTR (below 0.3), 14 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.17, 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 | -0.17 | 0.08 | 0.17 | 70 | Dividend, Large Cap Value Equities | PLTR vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.08 | 0.15 | 0.22 | 69 | Large Cap Value Equities, Dividend | PLTR vs FDL | |
| WisdomTree US High Dividend Fund | -0.07 | 0.16 | 0.21 | 72 | Large Cap Value Equities, Dividend | PLTR vs DHS | |
| F/m US Treasury 3 Month Bill ETF | -0.07 | -0.01 | — | 100 | Ultrashort Bond | PLTR vs TBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PLTR vs USFR |
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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 -0.30, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.30 | -0.12 | -0.04 | 74 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.28 | -0.15 | -0.10 | 61 | Utilities | |
| Johnson & Johnson | -0.25 | -0.16 | -0.06 | 96 | Healthcare | |
| Duke Energy Corporation | -0.25 | -0.13 | -0.08 | 62 | Utilities | |
| The Southern Company | -0.22 | -0.13 | -0.05 | 55 | Utilities |
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