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
234 ETFs have low correlation with PBR (below 0.3), 92 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | -0.17 | -0.07 | -0.06 | 76 | Government Bonds, Short-Term Bond | PBR vs SCHO | |
| Vanguard Short-Term Treasury ETF | -0.15 | -0.07 | -0.07 | 77 | Government Bonds, Short-Term Bond | PBR vs VGSH | |
| iShares 1-3 Year Treasury Bond ETF | -0.14 | -0.05 | -0.05 | 72 | Government Bonds, Short-Term Bond | PBR vs SHY | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.13 | -0.03 | -0.03 | 54 | Short-Term Bond | PBR vs BSV | |
| Vanguard Short-Term Corporate Bond ETF | -0.13 | 0.00 | 0.01 | 70 | Corporate Bonds | PBR vs VCSH |
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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 -0.15, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.15 | -0.02 | -0.02 | 74 | Healthcare | |
| General Motors Company | -0.11 | 0.07 | 0.12 | 87 | Consumer Cyclical | |
| Collegium Pharmaceutical, Inc. | -0.11 | 0.01 | 0.05 | 53 | Healthcare | |
| The TJX Companies, Inc. | -0.11 | 0.04 | 0.12 | 86 | Consumer Cyclical | |
| Lam Research Corporation | -0.09 | 0.05 | 0.08 | 98 | Technology |
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