Looking to balance out your exposure to PLUS? The ETFs below have historically moved differently from PLUS, 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 PLUS
2 ETFs have low correlation with PLUS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.04 | 0.02 | 100 | Ultrashort Bond | PLUS vs SGOV | |
| iShares Flexible Income Active ETF | 0.22 | 0.27 | — | 70 | Multisector Bonds | PLUS vs BINC |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLUS, 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 InterDigital, Inc. (IDCC) (Communication Services) with a 1Y correlation of 0.08, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterDigital, Inc. | 0.08 | 0.26 | 0.36 | 58 | Communication Services | |
| Palo Alto Networks, Inc. | 0.21 | 0.27 | 0.30 | 88 | Technology | |
| Qualys, Inc. | 0.22 | 0.36 | 0.40 | 50 | Technology | |
| Enphase Energy, Inc. | 0.22 | 0.29 | 0.28 | 55 | Technology | |
| Broadcom Inc. | 0.23 | 0.30 | 0.38 | 67 | Technology |
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