Looking to balance out your exposure to PSNY? The ETFs below have the lowest correlation with PSNY — they tend to move on their own, which can help reduce risk when PSNY drops. The stock ideas table highlights individual companies that behave independently from PSNY.
Best Diversifiers for PSNY
1 ETFs have low correlation with PSNY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.16 | 0.25 | — | 74 | S&P 500 | PSNY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSNY and solid risk/return profiles. The least correlated is Ralph Lauren Corporation (RL) (Consumer Cyclical) with a 1Y correlation of 0.01, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ralph Lauren Corporation | 0.01 | 0.16 | — | 72 | Consumer Cyclical | |
| Tesla, Inc. | 0.11 | 0.22 | — | 58 | Consumer Cyclical | |
| Rivian Automotive, Inc. | 0.21 | 0.33 | — | 58 | Consumer Cyclical |
Build a portfolio that complements PSNY
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