Looking to balance out your exposure to P? The ETFs below have historically moved differently from P, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for P
1 ETFs have low correlation with P (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Palmer Square Credit Opportunities ETF | 0.14 | — | — | 97 | Multisector Bonds | P vs PSQO | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.30 | 0.20 | 0.21 | 50 | Silver, Precious Metals | P vs SLVP | |
| Global X MSCI Greece ETF | 0.32 | 0.32 | 0.38 | 61 | Emerging Markets Equities | P vs GREK | |
| Vanguard Dividend Appreciation ETF | 0.37 | 0.41 | 0.48 | 79 | Dividend | P vs VIG | |
| Global X S&P 500 Tail Risk ETF | 0.57 | 0.59 | — | 64 | Equity Hedged, S&P 500 | P vs XTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for P, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.33 | -0.10 | 0.04 | 65 | Financial Services | |
| The TJX Companies, Inc. | -0.23 | 0.05 | 0.21 | 81 | Consumer Cyclical | |
| Realty Income Corporation | -0.22 | -0.13 | 0.02 | 74 | Real Estate | |
| Everest Group Ltd | -0.14 | -0.01 | 0.10 | 62 | Financial Services | |
| Visa Inc. | -0.11 | 0.10 | 0.23 | 55 | Financial Services |
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