Looking to balance out your exposure to PAR? The ETFs below have the lowest correlation with PAR — they tend to move on their own, which can help reduce risk when PAR drops. The stock ideas table highlights individual companies that behave independently from PAR.
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 0.15, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total International Stock ETF | 0.15 | 0.31 | 0.41 | 56 | Global Equities | PAR vs VXUS | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.45 | 0.52 | 66 | S&P 500 | PAR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAR and solid risk/return profiles. The least correlated is Teradyne, Inc. (TER) (Technology) with a 1Y correlation of -0.01, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teradyne, Inc. | -0.01 | 0.28 | 0.38 | 96 | Technology | |
| NVIDIA Corporation | 0.09 | 0.30 | 0.39 | 65 | Technology | |
| Berkshire Hathaway Inc. | 0.14 | 0.23 | 0.28 | 53 | Financial Services | |
| Marathon Petroleum Corporation | 0.20 | 0.18 | 0.21 | 90 | Energy | |
| Etsy, Inc. | 0.31 | 0.31 | 0.41 | 66 | Consumer Cyclical |
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