Looking to balance out your exposure to PBF? The ETFs below have the lowest correlation with PBF — they tend to move on their own, which can help reduce risk when PBF drops. The stock ideas table highlights individual companies that behave independently from PBF.
Best Diversifiers for PBF
2 ETFs have low correlation with PBF (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.11, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.11 | 0.12 | 0.20 | 70 | S&P 500 | PBF vs VOO | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.12 | 0.20 | 70 | S&P 500 | PBF vs SPY | |
| United States Oil Fund LP | 0.46 | 0.39 | 0.43 | 66 | Oil & Gas | PBF vs USO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBF and solid risk/return profiles. The least correlated is Crocs, Inc. (CROX) (Consumer Cyclical) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Crocs, Inc. | -0.10 | 0.10 | 0.14 | 50 | Consumer Cyclical | |
| JPMorgan Chase & Co. | -0.03 | 0.12 | 0.22 | 59 | Financial Services | |
| United Therapeutics Corporation | 0.00 | 0.02 | 0.08 | 86 | Healthcare | |
| Chevron Corporation | 0.50 | 0.49 | 0.55 | 83 | Energy | |
| Phillips 66 | 0.67 | 0.69 | 0.71 | 87 | Energy |
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