Looking to diversify beyond PLTW? The ETFs below have historically moved differently from PLTW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLTW
1156 ETFs have low correlation with PLTW (below 0.3), 107 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | PLTW vs WNTR | |
| ProShares Short Bitcoin ETF | -0.36 | — | — | 51 | Cryptocurrency | PLTW vs BITI | |
| iShares Core High Dividend ETF | -0.16 | — | — | 91 | Dividend, Large Cap Value Equities | PLTW vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.13 | — | — | 58 | Dividend, Low Volatility | PLTW vs LVHD | |
| iShares Infrastructure Active ETF | -0.12 | -0.13 | -0.13 | 72 | Infrastructure Equities, Utilities Equities | PLTW vs BILT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLTW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.23, roughly unchanged from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.23 | -0.22 | -0.22 | 52 | Utilities | |
| Johnson & Johnson | -0.23 | -0.22 | -0.22 | 96 | Healthcare | |
| The Coca-Cola Company | -0.23 | -0.18 | -0.18 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.20 | -0.18 | -0.18 | 66 | Consumer Defensive | |
| Enbridge Inc. | -0.18 | -0.07 | -0.07 | 82 | Energy |
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