Looking to balance out your exposure to PNTG? The ETFs below have the lowest correlation with PNTG — they tend to move on their own, which can help reduce risk when PNTG drops. The stock ideas table highlights individual companies that behave independently from PNTG.
Best Diversifiers for PNTG
0 ETFs have low correlation with PNTG (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 0.31, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.36 | 0.36 | 74 | S&P 500 | PNTG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PNTG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PNTG and solid risk/return profiles. The least correlated is AST SpaceMobile, Inc. (ASTS) (Communication Services) with a 1Y correlation of 0.00, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.00 | 0.13 | 0.18 | 89 | Communication Services | |
| Nektar Therapeutics | 0.07 | 0.14 | 0.21 | 95 | Healthcare | |
| Edison International | 0.08 | 0.19 | 0.16 | 82 | Utilities | |
| Vertiv Holdings Co. | 0.09 | 0.17 | 0.27 | 94 | Industrials | |
| Ciena Corporation | 0.10 | 0.18 | 0.25 | 99 | Technology |
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