Looking to balance out your exposure to PTCT? The ETFs below have the lowest correlation with PTCT — they tend to move on their own, which can help reduce risk when PTCT drops. The stock ideas table highlights individual companies that behave independently from PTCT.
Best Diversifiers for PTCT
1 ETFs have low correlation with PTCT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.24, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.24 | 0.26 | 0.31 | 59 | Nasdaq-100 | PTCT vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTCT and solid risk/return profiles. The least correlated is NetApp, Inc. (NTAP) (Technology) with a 1Y correlation of 0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NetApp, Inc. | 0.13 | 0.22 | 0.25 | 77 | Technology | |
| PROG Holdings, Inc. | 0.18 | 0.23 | 0.26 | 71 | Industrials | |
| Matson, Inc. | 0.20 | 0.21 | 0.21 | 89 | Industrials | |
| Monarch Casino & Resort, Inc. | 0.23 | 0.23 | 0.29 | 86 | Consumer Cyclical | |
| AZZ Inc. | 0.25 | 0.24 | 0.25 | 89 | Industrials |
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