Looking to balance out your exposure to PPRUY? The ETFs below have the lowest correlation with PPRUY — they tend to move on their own, which can help reduce risk when PPRUY drops. The stock ideas table highlights individual companies that behave independently from PPRUY.
Best Diversifiers for PPRUY
1 ETFs have low correlation with PPRUY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.22, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.22 | 0.26 | 0.38 | 71 | Leveraged Equities | PPRUY vs TQQQ | |
| Vanguard S&P 500 ETF | 0.31 | 0.31 | 0.43 | 70 | S&P 500 | PPRUY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.31 | 0.43 | 70 | S&P 500 | PPRUY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPRUY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPRUY and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.33, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | 0.33 | 0.32 | 0.36 | 83 | Real Estate |
Build a portfolio that complements PPRUY
Add PPRUY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PPRUY