Looking to balance out your exposure to PBA? The ETFs below have the lowest correlation with PBA — they tend to move on their own, which can help reduce risk when PBA drops. The stock ideas table highlights individual companies that behave independently from PBA.
Best Diversifiers for PBA
5 ETFs have low correlation with PBA (below 0.3), 4 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.10, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.10 | 0.14 | 0.26 | 76 | Technology Equities | PBA vs VGT | |
| Vanguard S&P 500 ETF | -0.08 | 0.24 | 0.38 | 70 | S&P 500 | PBA vs VOO | |
| State Street SPDR S&P 500 ETF | -0.08 | 0.24 | 0.38 | 70 | S&P 500 | PBA vs SPY | |
| Vanguard Total Stock Market ETF | -0.08 | 0.26 | 0.39 | 68 | Large Cap Blend Equities | PBA vs VTI | |
| Vanguard FTSE Developed Markets ETF | 0.02 | 0.35 | 0.47 | 59 | Foreign Large Cap Equities | PBA vs VEA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBA and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.22, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.22 | 0.05 | 0.17 | 60 | Consumer Cyclical | |
| Alphabet Inc. Class A | -0.14 | 0.06 | 0.18 | 96 | Communication Services | |
| NVIDIA Corporation | -0.07 | 0.10 | 0.21 | 78 | Technology | |
| AGNC Investment Corp. | 0.02 | 0.25 | 0.32 | 76 | Real Estate | |
| Franklin Resources, Inc. | 0.03 | 0.25 | 0.34 | 81 | Financial Services |
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Build a portfolio that complements PBA
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