Looking to balance out your exposure to PBR? The ETFs below have the lowest correlation with PBR — they tend to move on their own, which can help reduce risk when PBR drops. The stock ideas table highlights individual companies that behave independently from PBR.
Best Diversifiers for PBR
248 ETFs have low correlation with PBR (below 0.3), 115 of which are negatively correlated. The least correlated is Vanguard Short-Term Treasury ETF (VGSH) (Government Bonds) with a 1Y correlation of -0.18, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | -0.18 | -0.09 | -0.07 | 89 | Government Bonds, Short-Term Bond | PBR vs VGSH | |
| iShares Ultra Short Duration Bond Active ETF | -0.17 | -0.04 | -0.04 | 99 | Ultrashort Bond | PBR vs ICSH | |
| Vanguard Tax-Exempt Bond ETF | -0.17 | -0.01 | -0.01 | 80 | Municipal Bonds | PBR vs VTEB | |
| Schwab Short-Term U.S. Treasury ETF | -0.16 | -0.09 | -0.07 | 89 | Government Bonds, Short-Term Bond | PBR vs SCHO | |
| iShares 1-3 Year Treasury Bond ETF | -0.16 | -0.07 | -0.05 | 87 | Government Bonds, Short-Term Bond | PBR vs SHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBR and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.18, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.18 | -0.01 | -0.02 | 79 | Healthcare | |
| Berkshire Hathaway Inc. | -0.15 | 0.05 | 0.15 | 53 | Financial Services | |
| The TJX Companies, Inc. | -0.13 | 0.04 | 0.11 | 83 | Consumer Cyclical | |
| Collegium Pharmaceutical, Inc. | -0.12 | -0.00 | 0.04 | 54 | Healthcare | |
| Berkshire Hathaway Inc. | -0.12 | 0.05 | 0.14 | 53 | Financial Services |
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