Looking to balance out your exposure to PAR? The ETFs below have historically moved differently from PAR, 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 PAR
2 ETFs have low correlation with PAR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total International Stock ETF (VXUS) (Global Equities) with a 1Y correlation of 0.10, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total International Stock ETF | 0.10 | 0.29 | 0.39 | 71 | Global Equities | PAR vs VXUS | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.43 | 0.51 | 67 | S&P 500 | PAR vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAR, 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 Teradyne, Inc. (TER) (Technology) with a 1Y correlation of -0.06, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teradyne, Inc. | -0.06 | 0.25 | 0.36 | 96 | Technology | |
| NVIDIA Corporation | 0.04 | 0.27 | 0.37 | 56 | Technology | |
| Berkshire Hathaway Inc. | 0.15 | 0.23 | 0.27 | 61 | Financial Services | |
| Marathon Petroleum Corporation | 0.18 | 0.18 | 0.20 | 95 | Energy | |
| Etsy, Inc. | 0.30 | 0.30 | 0.40 | 66 | Consumer Cyclical |
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