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
9 ETFs have low correlation with PPL (below 0.3), 8 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.10 | -0.04 | 0.14 | 58 | Nasdaq-100 | PPL vs QQQ | |
| Invesco S&P 500 Equal Weight Technology ETF | -0.08 | -0.01 | 0.16 | 81 | Technology Equities, S&P 500, Equal Weight | PPL vs RSPT | |
| Kurv Yield Premium Strategy Apple (AAPL) ETF | -0.08 | — | — | 61 | Derivative Income | PPL vs AAPY | |
| SPDR S&P Semiconductor ETF | -0.06 | -0.04 | 0.09 | 86 | Semiconductors, Technology Equities | PPL vs XSD | |
| Kurv Yield Premium Strategy Google ETF | -0.04 | — | — | 85 | Derivative Income | PPL vs GOOP |
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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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | -0.16 | -0.04 | 0.10 | 93 | Financial Services | |
| Lattice Semiconductor Corporation | -0.10 | -0.09 | 0.05 | 94 | Technology | |
| Dell Technologies Inc. | -0.10 | -0.09 | 0.06 | 97 | Technology | |
| Marvell Technology, Inc. | -0.06 | -0.08 | 0.06 | 94 | Technology | |
| Apple Inc | -0.06 | 0.01 | 0.16 | 91 | Technology |
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Build a portfolio that complements PPL
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