Looking to balance out your exposure to PBI? The ETFs below have historically moved differently from PBI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PBI
1 ETFs have low correlation with PBI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.38 | 0.45 | 67 | S&P 500 | PBI vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.02 | 0.15 | 0.22 | 58 | Technology | |
| Phibro Animal Health Corporation | 0.10 | 0.27 | 0.27 | 65 | Healthcare | |
| Cloudflare, Inc. | 0.17 | 0.26 | 0.31 | 64 | Technology | |
| Innodata Inc. | 0.19 | 0.30 | 0.31 | 56 | Technology | |
| Life Time Group Holdings, Inc. | 0.22 | 0.31 | — | 85 | Consumer Cyclical |
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