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
205 ETFs have low correlation with PLTR (below 0.3), 24 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.15, 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 | -0.15 | 0.07 | 0.17 | 85 | Dividend, Large Cap Value Equities | PLTR vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.12 | 0.08 | 0.15 | 60 | Dividend | PLTR vs LVHD | |
| Global X MLP & Energy Infrastructure ETF | -0.08 | 0.19 | 0.24 | 75 | MLPs | PLTR vs MLPX | |
| iShares Core U.S. REIT ETF | -0.08 | 0.18 | 0.29 | 68 | REIT | PLTR vs USRT | |
| WisdomTree US High Dividend Fund | -0.06 | 0.16 | 0.22 | 87 | Large Cap Value Equities, Dividend | PLTR vs DHS |
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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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.27, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.27 | -0.13 | -0.08 | 70 | Utilities | |
| The Coca-Cola Company | -0.25 | -0.11 | -0.04 | 84 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.13 | -0.08 | 64 | Utilities | |
| Johnson & Johnson | -0.23 | -0.15 | -0.06 | 96 | Healthcare | |
| Altria Group, Inc. | -0.22 | -0.04 | -0.00 | 80 | Consumer Defensive |
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