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
1 ETFs have low correlation with POET (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.18, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.20 | 0.20 | 85 | Dividend | POET vs SCHD | |
| Invesco S&P 500 Equal Weight ETF | 0.30 | 0.30 | 0.27 | 55 | S&P 500 | POET vs RSP | |
| Avantis All International Markets Equity ETF | 0.33 | — | — | 71 | Foreign Large Cap Equities | POET vs AVNM | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.36 | 0.29 | 74 | S&P 500 | POET vs SPY | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.40 | 0.35 | 0.28 | 60 | S&P 500, Large Cap Growth Equities | POET vs SPYG |
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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 0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SMA Solar Technology AG | 0.01 | 0.09 | 0.05 | 94 | Technology | |
| Snowflake Inc. | 0.05 | 0.16 | 0.13 | 51 | Technology | |
| Diamondback Energy, Inc. | 0.07 | 0.12 | 0.12 | 81 | Energy | |
| Alliance Entertainment Holding Corporation Class A... | 0.10 | 0.11 | 0.08 | 69 | Communication Services | |
| United Parcel Service, Inc. | 0.10 | 0.12 | 0.12 | 59 | Industrials |
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Build a portfolio that complements POET
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