Looking to balance out your exposure to PPL? The ETFs below have the lowest correlation with PPL — they tend to move on their own, which can help reduce risk when PPL drops. The stock ideas table highlights individual companies that behave independently from PPL.
Best Diversifiers for PPL
3 ETFs have low correlation with PPL (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.02 | -0.02 | 0.16 | 74 | Nasdaq-100 | PPL vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.13 | 0.30 | 74 | S&P 500 | PPL vs SPY | |
| Vanguard S&P 500 ETF | 0.07 | 0.13 | 0.30 | 74 | S&P 500 | PPL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPL and solid risk/return profiles. The least correlated is Lattice Semiconductor Corporation (LSCC) (Technology) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lattice Semiconductor Corporation | -0.08 | -0.08 | 0.06 | 97 | Technology | |
| United Parcel Service, Inc. | -0.05 | 0.16 | 0.27 | 59 | Industrials | |
| Dell Technologies Inc. | -0.02 | -0.05 | 0.08 | 96 | Technology | |
| Warner Bros. Discovery, Inc. | -0.01 | 0.14 | 0.20 | 97 | Communication Services | |
| Exxon Mobil Corporation | -0.01 | 0.14 | 0.19 | 86 | Energy |
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