Looking to balance out your exposure to PPC? The ETFs below have the lowest correlation with PPC — they tend to move on their own, which can help reduce risk when PPC drops. The stock ideas table highlights individual companies that behave independently from PPC.
Best Diversifiers for PPC
3 ETFs have low correlation with PPC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.02 | 0.07 | 0.23 | 66 | S&P 500 | PPC vs SPY | |
| Vanguard S&P 500 ETF | 0.02 | 0.07 | 0.23 | 67 | S&P 500 | PPC vs VOO | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.07 | 0.11 | 90 | Inflation-Protected Bonds | PPC vs VTIP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPC and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.20, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.20 | -0.07 | 0.06 | 99 | Technology | |
| CrowdStrike Holdings, Inc. | -0.19 | -0.07 | 0.06 | 83 | Technology | |
| NVIDIA Corporation | -0.16 | -0.07 | 0.05 | 70 | Technology | |
| Argan, Inc. | -0.15 | -0.02 | 0.10 | 94 | Industrials | |
| Broadcom Inc. | -0.15 | -0.10 | 0.04 | 72 | Technology |
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