Looking to diversify beyond PLTY? The ETFs below have the lowest correlation with PLTY — 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 PLTY.
Best Diversifiers for PLTY
804 ETFs have low correlation with PLTY (below 0.3), 75 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.17 | — | — | 64 | Dividend, Large Cap Value Equities | PLTY vs HDV | |
| Breakwave Tanker Shipping ETF | -0.15 | — | — | 98 | Commodities | PLTY vs BWET | |
| Brookstone Ultra-Short Bond ETF | -0.10 | — | — | 98 | Ultrashort Bond | PLTY vs BAMU | |
| Tortoise North American Pipeline Fund | -0.08 | — | — | 55 | Energy Equities | PLTY vs TPYP | |
| Invesco Short Term Treasury ETF | -0.08 | — | — | 100 | Ultrashort Bond | PLTY vs TBLL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLTY and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.24, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.24 | -0.21 | -0.21 | 95 | Healthcare | |
| The Coca-Cola Company | -0.24 | -0.17 | -0.17 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.21 | -0.21 | 62 | Utilities | |
| Altria Group, Inc. | -0.21 | -0.15 | -0.15 | 70 | Consumer Defensive | |
| PepsiCo, Inc. | -0.20 | -0.18 | -0.18 | 59 | Consumer Defensive |
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