Looking to balance out your exposure to PLUS? The ETFs below have the lowest correlation with PLUS — they tend to move on their own, which can help reduce risk when PLUS drops. The stock ideas table highlights individual companies that behave independently from PLUS.
Best Diversifiers for PLUS
1 ETFs have low correlation with PLUS (below 0.3), 1 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.
| 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 |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLUS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLUS and solid risk/return profiles. The least correlated is InterDigital, Inc. (IDCC) (Communication Services) with a 1Y correlation of 0.16, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterDigital, Inc. | 0.16 | 0.29 | 0.38 | 51 | Communication Services | |
| Enphase Energy, Inc. | 0.21 | 0.30 | 0.29 | 65 | Technology | |
| Apple Inc | 0.22 | 0.26 | 0.35 | 89 | Technology | |
| Broadcom Inc. | 0.25 | 0.32 | 0.40 | 84 | Technology | |
| Palo Alto Networks, Inc. | 0.25 | 0.26 | 0.30 | 67 | Technology |
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