Looking to balance out your exposure to PBH? The ETFs below have the lowest correlation with PBH — they tend to move on their own, which can help reduce risk when PBH drops. The stock ideas table highlights individual companies that behave independently from PBH.
Best Diversifiers for PBH
1 ETFs have low correlation with PBH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares iBoxx $ High Yield Corporate Bond ETF (HYG) (High Yield Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.21 | 0.31 | 0.31 | 55 | High Yield Bonds | PBH vs HYG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBH and solid risk/return profiles. The least correlated is Mueller Water Products, Inc. (MWA) (Industrials) with a 1Y correlation of 0.33, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mueller Water Products, Inc. | 0.33 | 0.35 | 0.38 | 59 | Industrials |
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