Looking to balance out your exposure to PAC? The ETFs below have historically moved differently from PAC, 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 PAC
1 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 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.31 | 0.36 | 58 | Nasdaq-100 | PAC vs QQQ | |
| Vanguard S&P 500 ETF | 0.30 | 0.36 | 0.40 | 78 | S&P 500 | PAC vs VOO | |
| First Trust Indxx Innovative Transaction & Process... | 0.32 | 0.37 | 0.42 | 75 | Blockchain | PAC vs LEGR | |
| WisdomTree International Al Enhanced Value Fund | 0.36 | 0.39 | 0.42 | 84 | Foreign Large Cap Equities | PAC vs AIVI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAC, 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 Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.02 | 0.02 | 0.06 | 80 | Industrials | |
| Endesa SA ADR | 0.02 | 0.07 | 0.12 | 96 | Utilities | |
| UnitedHealth Group Incorporated | 0.06 | 0.04 | 0.09 | 88 | Healthcare | |
| Berkshire Hathaway Inc. | 0.06 | 0.17 | 0.25 | 61 | Financial Services | |
| Visa Inc. | 0.07 | 0.13 | 0.22 | 55 | Financial Services |
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