Looking to balance out your exposure to PBR? The ETFs below have historically moved differently from PBR, 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 PBR
267 ETFs have low correlation with PBR (below 0.3), 136 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.23, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.23 | -0.03 | -0.02 | 64 | Municipal Bonds | PBR vs VTEB | |
| Vanguard Health Care ETF | -0.20 | 0.02 | 0.05 | 67 | Health & Biotech Equities | PBR vs VHT | |
| Fidelity MSCI Health Care Index ETF | -0.20 | 0.01 | 0.05 | 68 | Health & Biotech Equities | PBR vs FHLC | |
| Vanguard Short-Term Treasury ETF | -0.18 | -0.10 | -0.08 | 86 | Government Bonds, Short-Term Bond | PBR vs VGSH | |
| iShares Ultra Short Duration Bond Active ETF | -0.18 | -0.06 | -0.04 | 99 | Ultrashort Bond | PBR vs ICSH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBR, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.19, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.19 | -0.02 | -0.03 | 81 | Healthcare | |
| Berkshire Hathaway Inc. | -0.18 | 0.04 | 0.14 | 66 | Financial Services | |
| The TJX Companies, Inc. | -0.18 | 0.03 | 0.10 | 79 | Consumer Cyclical | |
| Visa Inc. | -0.16 | -0.00 | 0.07 | 56 | Financial Services | |
| Collegium Pharmaceutical, Inc. | -0.15 | -0.01 | 0.04 | 53 | Healthcare |
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