Looking to diversify beyond PPLT? The ETFs below have historically moved differently from PPLT, 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 PPLT
780 ETFs have low correlation with PPLT (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.21 | — | 51 | Cryptocurrency | PPLT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 69 | Derivative Income | PPLT vs WNTR | |
| Invesco DB Energy Fund | -0.16 | 0.04 | 0.13 | 66 | Oil & Gas | PPLT vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.15 | -0.09 | -0.09 | 51 | Nontraditional Bonds | PPLT vs RISR | |
| ProShares UltraShort Yen | -0.14 | -0.15 | -0.21 | 59 | Leveraged Currency | PPLT vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPLT, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.01 | 0.03 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.06 | 0.00 | 0.06 | 66 | Communication Services | |
| Exxon Mobil Corporation | -0.04 | 0.07 | 0.16 | 85 | Energy | |
| Cencora Inc. | -0.00 | -0.04 | 0.01 | 50 | Healthcare | |
| TotalEnergies SE | 0.00 | 0.14 | 0.16 | 90 | Energy |
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