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
2 ETFs have low correlation with PPTA (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.19 | 0.20 | 0.20 | 96 | Leveraged Equities | PPTA vs AMDL | |
| iShares MSCI Spain ETF | 0.25 | 0.30 | 0.30 | 55 | Europe Equities | PPTA vs EWP | |
| iShares MSCI USA Quality Factor ETF | 0.32 | 0.27 | 0.25 | 53 | Large Cap Blend Equities | PPTA vs QUAL | |
| WisdomTree Japan Hedged Equity Fund | 0.32 | 0.20 | 0.18 | 88 | Japan Equities | PPTA vs DXJ | |
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.34 | 0.31 | 0.31 | 89 | Leveraged Equities, S&P 500 | PPTA vs HIBL |
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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 Halozyme Therapeutics, Inc. (HALO) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halozyme Therapeutics, Inc. | 0.08 | 0.11 | 0.15 | 66 | Healthcare | |
| Medpace Holdings, Inc. | 0.08 | 0.10 | 0.15 | 68 | Healthcare | |
| Enova International, Inc. | 0.09 | 0.20 | 0.21 | 82 | Financial Services | |
| Welltower Inc. | 0.14 | 0.15 | 0.18 | 79 | Real Estate | |
| Nextracker Inc | 0.15 | 0.18 | 0.17 | 89 | Technology |
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