Looking to balance out your exposure to PUK? The ETFs below have the lowest correlation with PUK — they tend to move on their own, which can help reduce risk when PUK drops. The stock ideas table highlights individual companies that behave independently from PUK.
Best Diversifiers for PUK
0 ETFs have low correlation with PUK (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.43, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.43 | 0.40 | 0.45 | 96 | Semiconductors, Technology Equities | PUK vs SMH | |
| Vanguard S&P 500 ETF | 0.53 | 0.50 | 0.54 | 74 | S&P 500 | PUK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PUK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PUK and solid risk/return profiles. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of 0.01, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | 0.01 | 0.24 | 0.35 | 89 | Energy | |
| W. P. Carey Inc. | 0.01 | 0.24 | 0.26 | 81 | Real Estate | |
| Okeanis Eco Tankers Corp | 0.08 | 0.12 | 0.12 | 95 | Industrials | |
| CareTrust REIT, Inc. | 0.11 | 0.12 | 0.21 | 80 | Real Estate | |
| Chubb Limited | 0.14 | 0.14 | 0.27 | 57 | Financial Services |
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