Looking to balance out your exposure to PBI? The ETFs below have the lowest correlation with PBI — they tend to move on their own, which can help reduce risk when PBI drops. The stock ideas table highlights individual companies that behave independently from PBI.
Best Diversifiers for PBI
0 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 0.35, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.39 | 0.46 | 70 | S&P 500 | PBI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBI and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.06, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.06 | 0.16 | 0.23 | 81 | Technology | |
| Symbotic Inc | 0.15 | 0.29 | 0.21 | 64 | Industrials | |
| Phibro Animal Health Corporation | 0.16 | 0.29 | 0.29 | 59 | Healthcare | |
| Cloudflare, Inc. | 0.16 | 0.26 | 0.30 | 67 | Technology | |
| Innodata Inc. | 0.19 | 0.31 | 0.32 | 78 | Technology |
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