Looking to diversify beyond PLUL? The ETFs below have the lowest correlation with PLUL — 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 PLUL.
Best Diversifiers for PLUL
1 ETFs have low correlation with PLUL (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long MRVL Daily ETF (MVLL) (Leveraged Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long MRVL Daily ETF | 0.24 | 0.24 | 0.24 | 96 | Leveraged Equities | PLUL vs MVLL | |
| ProShares Ultra SmallCap600 | 0.30 | 0.30 | 0.30 | 52 | Leveraged Equities | PLUL vs SAA | |
| ProShares UltraPro QQQ | 0.37 | 0.37 | 0.37 | 71 | Leveraged Equities | PLUL vs TQQQ | |
| Direxion Daily Small Cap Bull 3X Shares | 0.48 | 0.48 | 0.48 | 59 | Leveraged Equities | PLUL vs TNA |
Diversification Analysis
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