Looking to balance out your exposure to PAGP? The ETFs below have historically moved differently from PAGP, 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 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 -0.17, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.17 | 0.19 | 0.33 | 78 | S&P 500 | PAGP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.17 | 0.19 | 0.33 | 78 | S&P 500 | PAGP vs SPY | |
| State Street Energy Select Sector SPDR ETF | 0.62 | 0.59 | 0.68 | 75 | Energy Equities | PAGP vs XLE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAGP, 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 T. Rowe Price Group, Inc. (TROW) (Financial Services) with a 1Y correlation of -0.09, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| T. Rowe Price Group, Inc. | -0.09 | 0.18 | 0.28 | 62 | Financial Services | |
| JPMorgan Chase & Co. | -0.05 | 0.21 | 0.33 | 73 | Financial Services | |
| DHT Holdings, Inc. | -0.01 | 0.17 | 0.27 | 92 | Industrials | |
| NGL Energy Partners LP | 0.19 | 0.28 | 0.34 | 99 | Energy | |
| TC Energy Corporation | 0.25 | 0.33 | 0.45 | 93 | Energy |
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