Looking to balance out your exposure to PB? The ETFs below have the lowest correlation with PB — they tend to move on their own, which can help reduce risk when PB drops. The stock ideas table highlights individual companies that behave independently from PB.
Best Diversifiers for PB
0 ETFs have low correlation with PB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.40, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.43 | 0.50 | 74 | S&P 500 | PB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.43 | 0.50 | 74 | S&P 500 | PB vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.58 | 0.63 | 0.65 | 85 | Dividend | PB vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PB and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of 0.10, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | 0.10 | 0.25 | 0.32 | 89 | Energy | |
| Apache Corporation | 0.12 | 0.25 | 0.31 | 91 | Energy | |
| BlackBerry Limited | 0.17 | 0.27 | 0.30 | 91 | Technology | |
| Verizon Communications Inc. | 0.21 | 0.18 | 0.24 | 56 | Communication Services | |
| Black Hills Corporation | 0.21 | 0.40 | 0.39 | 81 | Utilities |
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