Looking to balance out your exposure to PPSI? The ETFs below have historically moved differently from PPSI, 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 PPSI
0 ETFs have low correlation with PPSI (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Nasdaq Semiconductor ETF (FTXL) (Semiconductors) with a 1Y correlation of 0.40, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | 0.40 | 0.32 | 0.31 | 91 | Semiconductors, Technology Equities | PPSI vs FTXL | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.38 | 0.34 | 67 | S&P 500 | PPSI vs SPY | |
| Vanguard S&P 500 ETF | 0.49 | 0.38 | 0.34 | 68 | S&P 500 | PPSI vs VOO |
Diversification Analysis
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