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
961 ETFs have low correlation with PLTY (below 0.3), 98 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.52, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.52 | -0.52 | -0.52 | 99 | Leveraged Equities, Semiconductors | PLTY vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.41 | — | 68 | Inverse Equities, Leveraged Equities | PLTY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | PLTY vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PLTY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.37 | -0.35 | -0.35 | 57 | Cryptocurrency | PLTY vs BITI |
To view more results, upgrade your current subscription plan.
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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.26, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.19 | -0.19 | 83 | Consumer Defensive | |
| Johnson & Johnson | -0.25 | -0.22 | -0.22 | 97 | Healthcare | |
| Duke Energy Corporation | -0.24 | -0.21 | -0.21 | 66 | Utilities | |
| Altria Group, Inc. | -0.23 | -0.16 | -0.16 | 81 | Consumer Defensive | |
| The Southern Company | -0.22 | -0.19 | -0.19 | 58 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PLTY
Add PLTY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLTY