Looking to balance out your exposure to PAHC? The ETFs below have the lowest correlation with PAHC — they tend to move on their own, which can help reduce risk when PAHC drops. The stock ideas table highlights individual companies that behave independently from PAHC.
Best Diversifiers for PAHC
5 ETFs have low correlation with PAHC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco BulletShares 2028 Municipal Bond ETF (BSMS) (Municipal Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2028 Municipal Bond ETF | 0.06 | 0.04 | 0.05 | 83 | Municipal Bonds | PAHC vs BSMS | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.10 | 0.08 | 0.08 | 94 | Municipal Bonds | PAHC vs BSMR | |
| Invesco BulletShares 2029 Municipal Bond ETF | 0.17 | 0.14 | 0.10 | 78 | Municipal Bonds | PAHC vs BSMT | |
| Invesco BulletShares 2030 Municipal Bond ETF | 0.23 | 0.13 | 0.10 | 72 | Municipal Bonds | PAHC vs BSMU | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | 0.24 | 0.11 | 0.08 | 81 | Municipal Bonds | PAHC vs FLMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAHC and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.06 | 0.11 | 0.15 | 70 | Consumer Defensive | |
| First Solar, Inc. | 0.07 | 0.12 | 0.14 | 74 | Technology | |
| Wheaton Precious Metals Corp. | 0.10 | 0.08 | 0.12 | 60 | Basic Materials | |
| Credo Technology Group Holding Ltd | 0.10 | 0.15 | 0.16 | 86 | Technology | |
| Kinross Gold Corporation | 0.10 | 0.10 | 0.13 | 71 | Basic Materials |
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Build a portfolio that complements PAHC
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