Looking to diversify beyond PPLT? The ETFs below have the lowest correlation with PPLT — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PPLT.
Best Diversifiers for PPLT
848 ETFs have low correlation with PPLT (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.20 | -0.20 | 53 | Cryptocurrency | PPLT vs BITI | |
| Direxion Daily MU Bull 2X Shares | -0.27 | -0.27 | -0.27 | 99 | Leveraged Equities, Semiconductors | PPLT vs MUU | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | PPLT vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 65 | Inverse Equities, Leveraged Equities | PPLT vs MSTZ | |
| ProShares UltraShort Yen | -0.13 | -0.15 | -0.20 | 72 | Leveraged Currency | PPLT vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPLT and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.01 | 0.06 | 57 | Communication Services | |
| Exxon Mobil Corporation | -0.01 | 0.07 | 0.17 | 76 | Energy | |
| TotalEnergies SE | 0.00 | 0.15 | 0.17 | 80 | Energy | |
| Kinder Morgan, Inc. | 0.04 | 0.10 | 0.20 | 76 | Energy | |
| CVS Health Corporation | 0.04 | 0.05 | 0.09 | 92 | Healthcare |
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