Looking to balance out your exposure to PTC? The ETFs below have the lowest correlation with PTC — they tend to move on their own, which can help reduce risk when PTC drops. The stock ideas table highlights individual companies that behave independently from PTC.
Best Diversifiers for PTC
3 ETFs have low correlation with PTC (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.00, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.00 | 0.33 | 0.48 | 90 | Semiconductors, Technology Equities | PTC vs SMH | |
| Vanguard Information Technology ETF | 0.20 | 0.46 | 0.58 | 51 | Technology Equities | PTC vs VGT | |
| Vanguard S&P 500 ETF | 0.25 | 0.51 | 0.62 | 64 | S&P 500 | PTC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTC and solid risk/return profiles. The least correlated is Western Digital Corporation (WDC) (Technology) with a 1Y correlation of -0.11, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | -0.11 | 0.18 | 0.32 | 99 | Technology | |
| Casey's General Stores, Inc. | -0.02 | 0.14 | 0.23 | 94 | Consumer Defensive | |
| Broadcom Inc. | 0.01 | 0.29 | 0.39 | 68 | Technology | |
| Mueller Industries, Inc. | 0.06 | 0.32 | 0.38 | 79 | Industrials | |
| Cboe Global Markets, Inc. | 0.08 | -0.05 | 0.13 | 61 | Financial Services |
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