Looking to balance out your exposure to PPLI? The ETFs below have the lowest correlation with PPLI — they tend to move on their own, which can help reduce risk when PPLI drops. The stock ideas table highlights individual companies that behave independently from PPLI.
No Diversifiers Found for PPLI
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPLI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPLI and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.08 | 0.24 | 0.27 | 74 | Technology | |
| NVIDIA Corporation | 0.13 | 0.19 | 0.35 | 66 | Technology | |
| Fortinet, Inc. | 0.21 | 0.24 | 0.36 | 70 | Technology | |
| Datadog, Inc. | 0.29 | 0.32 | 0.42 | 74 | Technology |
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