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
916 ETFs have low correlation with PLTY (below 0.3), 107 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.16, roughly unchanged from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.16 | -0.09 | — | 98 | Commodities | PLTY vs BWET | |
| iShares Core High Dividend ETF | -0.13 | — | — | 64 | Large Cap Value Equities, Dividend | PLTY vs HDV | |
| Fidelity Municipal Bond Opportunities ETF | -0.10 | -0.06 | -0.06 | 79 | Municipal Bonds | PLTY vs FMUB | |
| Dimensional California Municipal Bond ETF | -0.10 | -0.04 | -0.04 | 75 | Municipal Bonds | PLTY vs DFCA | |
| iShares iBonds Dec 2029 Term Muni Bond ETF | -0.09 | — | — | 64 | Municipal Bonds | PLTY vs IBMR |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.20, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.20 | -0.16 | -0.16 | 63 | Consumer Defensive | |
| Johnson & Johnson | -0.19 | -0.19 | -0.19 | 92 | Healthcare | |
| Duke Energy Corporation | -0.19 | -0.20 | -0.20 | 52 | Utilities | |
| Verizon Communications Inc. | -0.18 | -0.17 | -0.17 | 62 | Communication Services | |
| The Hershey Company | -0.18 | -0.14 | -0.14 | 57 | Consumer Defensive |
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