Looking to balance out your exposure to PTLO? The ETFs below have the lowest correlation with PTLO — they tend to move on their own, which can help reduce risk when PTLO drops. The stock ideas table highlights individual companies that behave independently from PTLO.
Best Diversifiers for PTLO
2 ETFs have low correlation with PTLO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.05, down from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.05 | 0.20 | — | 69 | Technology Equities | PTLO vs XLK | |
| Fidelity MSCI Information Technology Index ETF | 0.06 | 0.22 | — | 61 | Technology Equities | PTLO vs FTEC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTLO and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of 0.02, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | 0.02 | 0.06 | — | 50 | Financial Services | |
| Remitly Global, Inc. | 0.26 | 0.24 | — | 50 | Technology | |
| Meta Financial Group, Inc. | 0.26 | 0.31 | 0.34 | 55 | Financial Services |
Build a portfolio that complements PTLO
Add PTLO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PTLO