Looking to balance out your exposure to PTON? The ETFs below have the lowest correlation with PTON — they tend to move on their own, which can help reduce risk when PTON drops. The stock ideas table highlights individual companies that behave independently from PTON.
Best Diversifiers for PTON
0 ETFs have low correlation with PTON (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.38 | 0.44 | 73 | Nasdaq-100 | PTON vs QQQ | |
| iShares Russell 2000 ETF | 0.36 | 0.47 | 0.52 | 62 | Small Cap Blend Equities | PTON vs IWM | |
| Vanguard S&P 500 ETF | 0.37 | 0.42 | 0.45 | 70 | S&P 500 | PTON vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.42 | 0.45 | 70 | S&P 500 | PTON vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTON and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.15, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.15 | 0.21 | 0.33 | 78 | Technology | |
| Nebius Group N.V. | 0.19 | — | — | 97 | Communication Services | |
| SoFi Technologies, Inc. | 0.21 | 0.43 | 0.49 | 51 | Financial Services |
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