Looking to balance out your exposure to PPSI? The ETFs below have the lowest correlation with PPSI — they tend to move on their own, which can help reduce risk when PPSI drops. The stock ideas table highlights individual companies that behave independently from PPSI.
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 0.35, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | 0.35 | 0.31 | 0.31 | 94 | Semiconductors, Technology Equities | PPSI vs FTXL | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.37 | 0.34 | 66 | S&P 500 | PPSI vs SPY | |
| Vanguard S&P 500 ETF | 0.46 | 0.37 | 0.34 | 66 | S&P 500 | PPSI vs VOO |
Diversification Analysis
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