Looking to balance out your exposure to PLX? The ETFs below have historically moved differently from PLX, 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 PLX
5 ETFs have low correlation with PLX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.16, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.23 | 0.20 | 95 | Dividend | PLX vs SCHD | |
| iShares MSCI USA Value Factor ETF | 0.19 | 0.27 | 0.24 | 97 | Large Cap Value Equities | PLX vs VLUE | |
| Avantis US Small Cap Value ETF | 0.27 | 0.31 | 0.28 | 91 | Small Cap Value Equities | PLX vs AVUV | |
| JPMorgan International Value ETF | 0.27 | — | — | 93 | Foreign Large Cap Equities | PLX vs JIVE | |
| Avantis U.S. Large Cap Value ETF | 0.27 | 0.29 | 0.26 | 95 | Large Cap Value Equities | PLX vs AVLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.01 | 0.12 | 0.15 | 61 | Financial Services | |
| Jackson Financial Inc. | 0.10 | 0.21 | — | 81 | Financial Services | |
| Micron Technology, Inc. | 0.15 | 0.10 | 0.10 | 99 | Technology | |
| Standard Chartered PLC | 0.20 | 0.17 | 0.15 | 89 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.26 | 0.17 | 0.16 | 87 | Technology |
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