Looking to balance out your exposure to PLXS? The ETFs below have the lowest correlation with PLXS — they tend to move on their own, which can help reduce risk when PLXS drops. The stock ideas table highlights individual companies that behave independently from PLXS.
Best Diversifiers for PLXS
0 ETFs have low correlation with PLXS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.52, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.52 | 0.56 | 0.60 | 70 | S&P 500 | PLXS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLXS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLXS and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.05, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.05 | 0.12 | 0.20 | 85 | Energy | |
| Amazon.com, Inc | 0.19 | 0.30 | 0.33 | 60 | Consumer Cyclical | |
| Applied Optoelectronics, Inc. | 0.39 | 0.39 | 0.37 | 98 | Technology | |
| Celestica Inc. | 0.46 | 0.46 | 0.52 | 94 | Technology | |
| Jabil Inc. | 0.66 | 0.62 | 0.67 | 92 | Technology |
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