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
850 ETFs have low correlation with PLTW (below 0.3), 106 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.14 | — | — | 99 | Commodities | PLTW vs BWET | |
| iShares Core High Dividend ETF | -0.12 | — | — | 64 | Dividend, Large Cap Value Equities | PLTW vs HDV | |
| Fidelity Municipal Bond Opportunities ETF | -0.11 | — | — | 80 | Municipal Bonds | PLTW vs FMUB | |
| BlackRock Intermediate Muni Income Bond ETF | -0.09 | — | — | 76 | Municipal Bonds | PLTW vs INMU | |
| First Trust Managed Municipal ETF | -0.09 | — | — | 73 | Municipal Bonds | PLTW vs FMB |
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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 -0.22, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.20 | -0.20 | 66 | Consumer Defensive | |
| The Hershey Company | -0.19 | -0.19 | -0.19 | 55 | Consumer Defensive | |
| Johnson & Johnson | -0.19 | -0.21 | -0.21 | 92 | Healthcare | |
| Duke Energy Corporation | -0.18 | -0.21 | -0.21 | 53 | Utilities | |
| PepsiCo, Inc. | -0.17 | -0.17 | -0.17 | 56 | Consumer Defensive |
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