Looking to balance out your exposure to PONY? The ETFs below have the lowest correlation with PONY — they tend to move on their own, which can help reduce risk when PONY drops. The stock ideas table highlights individual companies that behave independently from PONY.
No Diversifiers Found for PONY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PONY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PONY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.18 | -0.18 | 80 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.02 | 0.04 | 0.04 | 73 | Utilities | |
| Exelixis, Inc. | 0.06 | 0.11 | 0.11 | 65 | Healthcare | |
| Brinker International, Inc. | 0.12 | 0.17 | 0.17 | 52 | Consumer Cyclical | |
| Millicom International Cellular S.A. | 0.16 | 0.08 | 0.08 | 98 | Communication Services |
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