Looking to balance out your exposure to PLX? The ETFs below have the lowest correlation with PLX — they tend to move on their own, which can help reduce risk when PLX drops. The stock ideas table highlights individual companies that behave independently from PLX.
Best Diversifiers for PLX
2 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 0.21, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.21 | 0.20 | 85 | Dividend | PLX vs SCHD | |
| iShares Edge MSCI USA Value Factor ETF | 0.28 | 0.27 | 0.25 | 97 | Large Cap Value Equities | PLX vs VLUE | |
| Avantis US Small Cap Value ETF | 0.31 | 0.31 | 0.29 | 75 | Small Cap Value Equities | PLX vs AVUV | |
| Avantis U.S. Large Cap Value ETF | 0.33 | 0.28 | — | 92 | Large Cap Value Equities | PLX vs AVLV | |
| Jpmorgan International Value ETF | 0.35 | — | — | 85 | Foreign Large Cap Equities | PLX vs JIVE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLX and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.15 | 0.12 | 0.12 | 99 | Technology | |
| Standard Chartered PLC | 0.27 | 0.17 | 0.16 | 89 | Financial Services |
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