Looking to balance out your exposure to PNNT? The ETFs below have the lowest correlation with PNNT — they tend to move on their own, which can help reduce risk when PNNT drops. The stock ideas table highlights individual companies that behave independently from PNNT.
Best Diversifiers for PNNT
8 ETFs have low correlation with PNNT (below 0.3), 1 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Energy Equities) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.02 | 0.26 | 0.36 | 59 | Energy Equities | PNNT vs ENFR | |
| YieldMax NVDA Option Income Strategy ETF | 0.19 | 0.20 | 0.20 | 56 | Derivative Income, Options Trading | PNNT vs NVDY | |
| ProShares Ultra Semiconductors | 0.20 | 0.22 | 0.30 | 89 | Leveraged Equities, Semiconductors | PNNT vs USD | |
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.37 | 0.42 | 85 | Dividend | PNNT vs SCHD | |
| Vanguard FTSE Developed Markets ETF | 0.27 | 0.39 | 0.43 | 61 | Foreign Large Cap Equities | PNNT vs VEA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PNNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PNNT and solid risk/return profiles. The least correlated is Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Stone Minerals, L.P. | -0.07 | 0.09 | 0.20 | 56 | Energy | |
| Verizon Communications Inc. | -0.06 | 0.11 | 0.14 | 56 | Communication Services | |
| The Coca-Cola Company | -0.05 | 0.07 | 0.13 | 62 | Consumer Defensive | |
| CVS Health Corporation | -0.03 | 0.08 | 0.14 | 83 | Healthcare | |
| Walmart Inc. | -0.03 | 0.07 | 0.11 | 66 | Consumer Defensive |
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