Looking to balance out your exposure to PBFS? The ETFs below have the lowest correlation with PBFS — they tend to move on their own, which can help reduce risk when PBFS drops. The stock ideas table highlights individual companies that behave independently from PBFS.
No Diversifiers Found for PBFS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBFS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBFS and solid risk/return profiles. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.08 | 0.11 | 0.14 | 78 | Energy | |
| Altria Group, Inc. | 0.03 | 0.08 | 0.11 | 73 | Consumer Defensive | |
| Verizon Communications Inc. | 0.12 | 0.06 | 0.07 | 56 | Communication Services | |
| Coca-Cola Consolidated, Inc. | 0.13 | 0.08 | 0.10 | 81 | Consumer Defensive | |
| Target Hospitality Corp. | 0.14 | 0.06 | 0.10 | 90 | Energy |
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