Looking to diversify beyond PLUL? The ETFs below have historically moved differently from PLUL, 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 PLUL
4 ETFs have low correlation with PLUL (below 0.3), 2 of which are negatively correlated. The least correlated is Direxion Daily Healthcare Bull 3x Shares (CURE) (Leveraged Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Healthcare Bull 3x Shares | -0.15 | -0.15 | -0.15 | 63 | Leveraged Equities, Healthcare Equities | PLUL vs CURE | |
| Direxion Daily LLY Bull 2X Shares | -0.03 | — | — | 51 | Leveraged Equities | PLUL vs ELIL | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 0.04 | 0.04 | 0.04 | 52 | Leveraged Equities | PLUL vs GUSH | |
| ProShares UltraPro Dow30 | 0.22 | 0.22 | 0.22 | 56 | Leveraged Equities | PLUL vs UDOW | |
| ETRACS 2x Leveraged US Size Factor TR ETN | 0.33 | 0.33 | 0.33 | 75 | Leveraged Equities | PLUL vs IWML |
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