Looking to balance out your exposure to POOL? The ETFs below have the lowest correlation with POOL — they tend to move on their own, which can help reduce risk when POOL drops. The stock ideas table highlights individual companies that behave independently from POOL.
Best Diversifiers for POOL
6 ETFs have low correlation with POOL (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.16, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.16 | 0.28 | 0.45 | 77 | Technology Equities | POOL vs FTEC | |
| State Street Technology Select Sector SPDR ETF | 0.16 | 0.27 | 0.43 | 83 | Technology Equities | POOL vs XLK | |
| Vanguard Information Technology ETF | 0.18 | 0.29 | 0.46 | 76 | Technology Equities | POOL vs VGT | |
| iShares Expanded Tech Sector ETF | 0.18 | 0.29 | 0.45 | 79 | Technology Equities | POOL vs IGM | |
| Invesco QQQ ETF | 0.23 | 0.32 | 0.47 | 73 | Nasdaq-100 | POOL vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from POOL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to POOL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.10 | 0.13 | 69 | Consumer Defensive | |
| NVIDIA Corporation | 0.00 | 0.10 | 0.31 | 78 | Technology | |
| Chevron Corporation | 0.01 | 0.15 | 0.15 | 83 | Energy | |
| Broadcom Inc. | 0.08 | 0.17 | 0.32 | 84 | Technology | |
| Johnson & Johnson | 0.08 | 0.14 | 0.16 | 92 | Healthcare |
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Build a portfolio that complements POOL
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