Looking to balance out your exposure to POOL? The ETFs below have historically moved differently from POOL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for POOL
9 ETFs have low correlation with POOL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.06, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.06 | 0.23 | 0.40 | 62 | Technology Equities | POOL vs XLK | |
| Fidelity MSCI Information Technology Index ETF | 0.07 | 0.25 | 0.42 | 61 | Technology Equities | POOL vs FTEC | |
| Vanguard Information Technology ETF | 0.08 | 0.26 | 0.42 | 60 | Technology Equities | POOL vs VGT | |
| iShares Expanded Tech Sector ETF | 0.09 | 0.25 | 0.43 | 63 | Technology Equities | POOL vs IGM | |
| Invesco QQQ ETF | 0.15 | 0.30 | 0.45 | 58 | Nasdaq-100 | POOL vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for POOL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.05 | 0.12 | 0.14 | 79 | Energy | |
| Occidental Petroleum Corporation | -0.05 | 0.11 | 0.14 | 68 | Energy | |
| Targa Resources Corp. | -0.05 | 0.09 | 0.17 | 93 | Energy | |
| NVIDIA Corporation | -0.03 | 0.10 | 0.28 | 61 | Technology | |
| Broadcom Inc. | -0.01 | 0.13 | 0.30 | 68 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements POOL
Add POOL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with POOL