Looking to balance out your exposure to PPL? The ETFs below have historically moved differently from PPL, 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 PPL
11 ETFs have low correlation with PPL (below 0.3), 7 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kurv Yield Premium Strategy Google ETF | -0.11 | — | — | 77 | Derivative Income | PPL vs GOOP | |
| Invesco S&P 500 Equal Weight Technology ETF | -0.09 | -0.01 | 0.15 | 79 | Technology Equities, S&P 500, Equal Weight | PPL vs RSPT | |
| SPDR S&P Semiconductor ETF | -0.07 | -0.05 | 0.09 | 77 | Semiconductors, Technology Equities | PPL vs XSD | |
| Kurv Yield Premium Strategy Apple (AAPL) ETF | -0.05 | — | — | 60 | Derivative Income | PPL vs AAPY | |
| iShares MSCI South Korea ETF | -0.05 | 0.06 | 0.15 | 86 | South Korea Equities, Asia Pacific Equities | PPL vs EWY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPL, 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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | -0.16 | -0.04 | 0.10 | 87 | Financial Services | |
| Lattice Semiconductor Corporation | -0.10 | -0.08 | 0.05 | 94 | Technology | |
| Dell Technologies Inc. | -0.10 | -0.10 | 0.05 | 96 | Technology | |
| Marvell Technology, Inc. | -0.08 | -0.08 | 0.06 | 87 | Technology | |
| Apple Inc | -0.06 | 0.01 | 0.16 | 89 | Technology |
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