Looking to balance out your exposure to PAC? The ETFs below have the lowest correlation with PAC — they tend to move on their own, which can help reduce risk when PAC drops. The stock ideas table highlights individual companies that behave independently from PAC.
Best Diversifiers for PAC
2 ETFs have low correlation with PAC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.31 | 0.37 | 58 | Nasdaq-100 | PAC vs QQQ | |
| Vanguard S&P 500 ETF | 0.29 | 0.36 | 0.41 | 66 | S&P 500 | PAC vs VOO | |
| First Trust Indxx Innovative Transaction & Process... | 0.31 | 0.37 | 0.42 | 54 | Blockchain | PAC vs LEGR | |
| WisdomTree International Al Enhanced Value Fund | 0.34 | 0.39 | 0.42 | 64 | Foreign Large Cap Equities | PAC vs AIVI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAC and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.01 | 0.01 | 0.06 | 59 | Industrials | |
| Endesa SA ADR | 0.03 | 0.08 | 0.12 | 91 | Utilities | |
| Sysco Corporation | 0.06 | 0.12 | 0.23 | 57 | Consumer Defensive | |
| Erasca, Inc. | 0.08 | 0.13 | — | 99 | Healthcare | |
| Norsk Hydro ASA ADR | 0.09 | 0.24 | 0.28 | 80 | Basic Materials |
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