Looking to balance out your exposure to PAGP? The ETFs below have the lowest correlation with PAGP — they tend to move on their own, which can help reduce risk when PAGP drops. The stock ideas table highlights individual companies that behave independently from PAGP.
Best Diversifiers for PAGP
2 ETFs have low correlation with PAGP (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.12, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.12 | 0.22 | 0.36 | 70 | S&P 500 | PAGP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.12 | 0.22 | 0.36 | 70 | S&P 500 | PAGP vs SPY | |
| State Street Energy Select Sector SPDR ETF | 0.58 | 0.59 | 0.68 | 63 | Energy Equities | PAGP vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAGP and solid risk/return profiles. The least correlated is T. Rowe Price Group, Inc. (TROW) (Financial Services) with a 1Y correlation of -0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| T. Rowe Price Group, Inc. | -0.06 | 0.22 | 0.29 | 59 | Financial Services | |
| JPMorgan Chase & Co. | 0.04 | 0.26 | 0.36 | 59 | Financial Services | |
| TC Energy Corporation | 0.24 | 0.34 | 0.46 | 87 | Energy | |
| Delek Logistics Partners, LP | 0.30 | 0.34 | 0.38 | 76 | Energy | |
| Antero Midstream Corporation | 0.42 | 0.54 | 0.63 | 65 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PAGP
Add PAGP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PAGP