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
928 ETFs have low correlation with PLTW (below 0.3), 87 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.45 | -0.45 | 65 | Inverse Equities, Leveraged Equities | PLTW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | PLTW vs WNTR | |
| Direxion Daily MU Bull 2X Shares | -0.40 | -0.40 | -0.40 | 99 | Leveraged Equities, Semiconductors | PLTW vs MUU | |
| ProShares Short Bitcoin ETF | -0.36 | -0.36 | -0.36 | 53 | Cryptocurrency | PLTW vs BITI | |
| iShares Core High Dividend ETF | -0.15 | — | — | 74 | Dividend, Large Cap Value Equities | PLTW vs HDV |
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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 -0.25, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.25 | -0.20 | -0.20 | 82 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | -0.23 | -0.23 | 65 | Utilities | |
| Johnson & Johnson | -0.22 | -0.22 | -0.22 | 97 | Healthcare | |
| Altria Group, Inc. | -0.22 | -0.19 | -0.19 | 78 | Consumer Defensive | |
| The Southern Company | -0.20 | -0.20 | -0.20 | 58 | Utilities |
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