Looking to balance out your exposure to PODD? The ETFs below have the lowest correlation with PODD — they tend to move on their own, which can help reduce risk when PODD drops. The stock ideas table highlights individual companies that behave independently from PODD.
Best Diversifiers for PODD
4 ETFs have low correlation with PODD (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.04 | 0.23 | 0.33 | 96 | Semiconductors, Technology Equities | PODD vs SOXX | |
| Vanguard Information Technology ETF | 0.12 | 0.26 | 0.39 | 76 | Technology Equities | PODD vs VGT | |
| Vanguard S&P 500 ETF | 0.18 | 0.33 | 0.43 | 74 | S&P 500 | PODD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.33 | 0.43 | 74 | S&P 500 | PODD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PODD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PODD and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.10 | 0.01 | 0.08 | 71 | Energy | |
| Cboe Global Markets, Inc. | -0.06 | -0.07 | 0.12 | 71 | Financial Services | |
| Seagate Technology plc | -0.06 | 0.09 | 0.20 | 99 | Technology | |
| Walmart Inc. | -0.05 | 0.13 | 0.18 | 66 | Consumer Defensive | |
| CF Industries Holdings, Inc. | -0.04 | 0.02 | 0.07 | 63 | Basic Materials |
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