Looking to balance out your exposure to P? The ETFs below have the lowest correlation with P — they tend to move on their own, which can help reduce risk when P drops. The stock ideas table highlights individual companies that behave independently from P.
Best Diversifiers for P
1 ETFs have low correlation with P (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Palmer Square Credit Opportunities ETF | 0.09 | — | — | 97 | Multisector Bonds | P vs PSQO | |
| Vanguard Dividend Appreciation ETF | 0.40 | 0.42 | 0.48 | 66 | Dividend | P vs VIG | |
| Global X S&P 500 Tail Risk ETF | 0.57 | 0.59 | — | 55 | Equity Hedged, S&P 500 | P vs XTR | |
| Vanguard S&P 500 ETF | 0.59 | 0.60 | 0.62 | 66 | S&P 500 | P vs VOO | |
| State Street SPDR S&P 500 ETF | 0.59 | 0.60 | 0.62 | 66 | S&P 500 | P vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from P, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to P and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.33, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.33 | -0.09 | 0.04 | 68 | Financial Services | |
| Waste Management, Inc. | -0.32 | -0.14 | 0.01 | 53 | Industrials | |
| Realty Income Corporation | -0.23 | -0.12 | 0.03 | 74 | Real Estate | |
| The TJX Companies, Inc. | -0.19 | 0.07 | 0.22 | 79 | Consumer Cyclical | |
| Everest Group Ltd | -0.13 | 0.00 | 0.10 | 62 | Financial Services |
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