Looking to balance out your exposure to PSNL? The ETFs below have the lowest correlation with PSNL — they tend to move on their own, which can help reduce risk when PSNL drops. The stock ideas table highlights individual companies that behave independently from PSNL.
Best Diversifiers for PSNL
0 ETFs have low correlation with PSNL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.43, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.34 | 0.42 | 70 | S&P 500 | PSNL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSNL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSNL and solid risk/return profiles. The least correlated is Sempra Energy (SRE) (Utilities) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sempra Energy | 0.05 | 0.16 | 0.17 | 67 | Utilities | |
| Black Hills Corporation | 0.08 | 0.14 | 0.14 | 77 | Utilities | |
| MDU Resources Group, Inc. | 0.08 | 0.15 | 0.20 | 73 | Basic Materials | |
| C.H. Robinson Worldwide, Inc. | 0.12 | 0.10 | 0.13 | 90 | Industrials | |
| Johnson & Johnson | 0.14 | 0.09 | 0.11 | 92 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PSNL
Add PSNL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSNL