Looking to balance out your exposure to PLYM? The ETFs below have the lowest correlation with PLYM — they tend to move on their own, which can help reduce risk when PLYM drops. The stock ideas table highlights individual companies that behave independently from PLYM.
Best Diversifiers for PLYM
2 ETFs have low correlation with PLYM (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 0.12, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.12 | 0.35 | 0.41 | 66 | S&P 500 | PLYM vs SPY | |
| Vanguard S&P 500 ETF | 0.12 | 0.35 | 0.42 | 66 | S&P 500 | PLYM vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLYM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLYM and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.24, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | 0.24 | 0.59 | 0.59 | 86 | Real Estate | |
| STAG Industrial, Inc. | 0.36 | 0.66 | 0.64 | 52 | Real Estate |
Build a portfolio that complements PLYM
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