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
2 ETFs have low correlation with PTON (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.10 | 0.12 | 54 | Energy Equities | PTON vs XLE | |
| Global X Lithium & Battery Tech ETF | 0.26 | 0.35 | 0.38 | 81 | Lithium & Battery Metals | PTON vs LIT | |
| Vanguard High Dividend Yield ETF | 0.30 | 0.37 | 0.37 | 82 | Dividend | PTON vs VYM | |
| Invesco QQQ ETF | 0.31 | 0.37 | 0.44 | 61 | Nasdaq-100 | PTON vs QQQ | |
| iShares Russell 2000 ETF | 0.36 | 0.47 | 0.52 | 68 | Small Cap Blend Equities | PTON vs IWM |
To view more results, upgrade your current subscription plan.
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 COMPASS Pathways plc (CMPS) (Healthcare) with a 1Y correlation of 0.07, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| COMPASS Pathways plc | 0.07 | 0.23 | 0.31 | 96 | Healthcare | |
| Definium Therapeutics, Inc | 0.10 | 0.26 | 0.27 | 99 | Healthcare | |
| NVIDIA Corporation | 0.14 | 0.20 | 0.33 | 70 | Technology | |
| Bank of America Corporation | 0.17 | 0.29 | 0.33 | 80 | Financial Services | |
| Nebius Group N.V. | 0.18 | 0.23 | 0.23 | 94 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PTON
Add PTON to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PTON