Looking to balance out your exposure to PPTA? The ETFs below have the lowest correlation with PPTA — they tend to move on their own, which can help reduce risk when PPTA drops. The stock ideas table highlights individual companies that behave independently from PPTA.
Best Diversifiers for PPTA
1 ETFs have low correlation with PPTA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.26 | — | — | 91 | Leveraged Equities | PPTA vs AMDL | |
| iShares MSCI Spain ETF | 0.34 | 0.31 | 0.31 | 80 | Europe Equities | PPTA vs EWP | |
| Invesco S&P 500 Momentum ETF | 0.36 | 0.27 | 0.28 | 51 | Momentum, S&P 500 | PPTA vs SPMO | |
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.38 | 0.33 | 0.31 | 66 | Leveraged Equities, S&P 500 | PPTA vs HIBL | |
| iShares MSCI USA Quality Factor ETF | 0.38 | 0.27 | 0.27 | 67 | Large Cap Blend Equities | PPTA vs QUAL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPTA and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.15 | -0.01 | 0.11 | 67 | Energy | |
| Berkshire Hathaway Inc. | -0.02 | 0.08 | 0.13 | 53 | Financial Services | |
| Enova International, Inc. | 0.05 | 0.19 | 0.20 | 93 | Financial Services | |
| Welltower Inc. | 0.07 | 0.12 | 0.17 | 93 | Real Estate | |
| Deere & Company | 0.07 | 0.15 | 0.18 | 63 | Industrials |
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Build a portfolio that complements PPTA
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