Looking to balance out your exposure to POET? The ETFs below have the lowest correlation with POET — they tend to move on their own, which can help reduce risk when POET drops. The stock ideas table highlights individual companies that behave independently from POET.
Best Diversifiers for POET
4 ETFs have low correlation with POET (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.02 | -0.03 | 100 | Ultrashort Bond | POET vs SGOV | |
| State Street Health Care Select Sector SPDR ETF | -0.01 | 0.11 | 0.13 | 50 | Health & Biotech Equities | POET vs XLV | |
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.18 | 0.19 | 91 | Dividend | POET vs SCHD | |
| Invesco S&P 500 Equal Weight ETF | 0.28 | 0.30 | 0.27 | 63 | S&P 500, Equal Weight | POET vs RSP | |
| Capital Group Dividend Growers ETF | 0.32 | 0.34 | 0.34 | 51 | Global Equities | POET vs CGDG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from POET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to POET and solid risk/return profiles. The least correlated is SMA Solar Technology AG (SMTGY) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SMA Solar Technology AG | 0.03 | 0.10 | 0.06 | 93 | Technology | |
| Xeris Biopharma Holdings, Inc. | 0.05 | 0.15 | 0.14 | 75 | Healthcare | |
| United Parcel Service, Inc. | 0.06 | 0.12 | 0.12 | 68 | Industrials | |
| Snowflake Inc. | 0.07 | 0.16 | 0.13 | 60 | Technology | |
| Diamondback Energy, Inc. | 0.09 | 0.12 | 0.12 | 80 | Energy |
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