Looking to diversify beyond PLTW? The ETFs below have the lowest correlation with PLTW — 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 PLTW.
Best Diversifiers for PLTW
735 ETFs have low correlation with PLTW (below 0.3), 72 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.16, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.16 | -0.07 | -0.07 | 70 | Dividend, Large Cap Value Equities | PLTW vs HDV | |
| Breakwave Tanker Shipping ETF | -0.15 | — | — | 98 | Commodities | PLTW vs BWET | |
| Brookstone Ultra-Short Bond ETF | -0.10 | 0.03 | 0.03 | 98 | Ultrashort Bond | PLTW vs BAMU | |
| Invesco Short Term Treasury ETF | -0.08 | -0.10 | -0.10 | 100 | Ultrashort Bond | PLTW vs TBLL | |
| First Trust North American Energy Infrastructure F... | -0.08 | 0.09 | 0.09 | 70 | MLPs | PLTW vs EMLP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLTW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLTW and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.26, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.21 | -0.21 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.23 | -0.22 | -0.22 | 96 | Healthcare | |
| Duke Energy Corporation | -0.22 | -0.23 | -0.23 | 62 | Utilities | |
| PepsiCo, Inc. | -0.20 | -0.18 | -0.18 | 61 | Consumer Defensive | |
| Altria Group, Inc. | -0.18 | -0.19 | -0.19 | 72 | Consumer Defensive |
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Build a portfolio that complements PLTW
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