Looking to balance out your exposure to PZZA? The ETFs below have the lowest correlation with PZZA — they tend to move on their own, which can help reduce risk when PZZA drops. The stock ideas table highlights individual companies that behave independently from PZZA.
Best Diversifiers for PZZA
3 ETFs have low correlation with PZZA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.11, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.11 | 0.21 | 0.31 | 70 | S&P 500 | PZZA vs SPY | |
| Vanguard S&P 500 ETF | 0.11 | 0.21 | 0.32 | 70 | S&P 500 | PZZA vs VOO | |
| Vanguard International High Dividend Yield ETF | 0.12 | 0.23 | 0.27 | 66 | Dividend, Foreign Large Cap Equities | PZZA vs VYMI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PZZA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PZZA and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.02 | 0.07 | 0.19 | 70 | Technology | |
| NVIDIA Corporation | 0.05 | 0.04 | 0.17 | 78 | Technology | |
| TKO Group Holdings Inc. | 0.12 | 0.14 | 0.14 | 62 | Communication Services | |
| Roku, Inc. | 0.12 | 0.14 | 0.22 | 78 | Communication Services | |
| Freeport-McMoRan Inc. | 0.19 | 0.19 | 0.20 | 80 | Basic Materials |
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