Looking to diversify beyond PLTY? The ETFs below have historically moved differently from PLTY, 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 PLTY
1199 ETFs have low correlation with PLTY (below 0.3), 135 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | PLTY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | PLTY vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PLTY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.37 | — | — | 61 | Cryptocurrency | PLTY vs BITI | |
| iShares Core High Dividend ETF | -0.18 | — | — | 92 | Dividend, Large Cap Value Equities | PLTY vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLTY, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.18 | -0.18 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.21 | -0.21 | 56 | Utilities | |
| Altria Group, Inc. | -0.23 | -0.15 | -0.15 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.23 | -0.20 | -0.20 | 97 | Healthcare | |
| Philip Morris International Inc. | -0.19 | -0.11 | -0.11 | 66 | Consumer Defensive |
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