Looking to balance out your exposure to PACB? The ETFs below have historically moved differently from PACB, 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 PACB
1 ETFs have low correlation with PACB (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.27, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.27 | 0.32 | 0.42 | 90 | Semiconductors, Technology Equities | PACB vs SOXX | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.36 | 0.45 | 67 | S&P 500 | PACB vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PACB, 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 Ardelyx, Inc. (ARDX) (Healthcare) with a 1Y correlation of 0.20, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ardelyx, Inc. | 0.20 | 0.24 | 0.31 | 56 | Healthcare | |
| Oscar Health, Inc. | 0.22 | 0.22 | 0.33 | 84 | Healthcare | |
| Amazon.com, Inc | 0.24 | 0.25 | 0.36 | 60 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.26 | 0.24 | 0.32 | 87 | Technology | |
| Snowflake Inc. | 0.27 | 0.29 | 0.40 | 62 | Technology |
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