Looking to balance out your exposure to PACB? The ETFs below have the lowest correlation with PACB — they tend to move on their own, which can help reduce risk when PACB drops. The stock ideas table highlights individual companies that behave independently from PACB.
Best Diversifiers for PACB
0 ETFs have low correlation with PACB (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 0.38, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.36 | 0.45 | 70 | S&P 500 | PACB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PACB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PACB and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.21, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.21 | 0.22 | 0.32 | 60 | Consumer Cyclical | |
| Oscar Health, Inc. | 0.22 | 0.24 | 0.34 | 59 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.24 | 0.24 | 0.32 | 95 | Technology | |
| LifeStance Health Group, Inc. | 0.26 | 0.30 | — | 59 | Healthcare | |
| Ardelyx, Inc. | 0.27 | 0.26 | 0.32 | 62 | Healthcare |
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