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.
Best Diversifiers for PONY
0 ETFs have low correlation with PONY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ROBO Global Robotics & Automation Index ETF | 0.48 | — | — | 72 | Robotics, Technology Equities | PONY vs ROBO |
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | — | — | 69 | Consumer Defensive | |
| Exelixis, Inc. | 0.14 | — | — | 56 | Healthcare | |
| Millicom International Cellular S.A. | 0.18 | — | — | 97 | Communication Services | |
| CrowdStrike Holdings, Inc. | 0.18 | — | — | 70 | Technology | |
| Vistance Networks, Inc | 0.20 | — | — | 99 | Technology |
See all 31 low-correlation stocks for PONY
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Diversification Analysis
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