Looking to balance out your exposure to PBT? The ETFs below have the lowest correlation with PBT — they tend to move on their own, which can help reduce risk when PBT drops. The stock ideas table highlights individual companies that behave independently from PBT.
Best Diversifiers for PBT
0 ETFs have low correlation with PBT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.48, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.48 | 0.49 | 0.50 | 63 | Energy Equities | PBT vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBT and solid risk/return profiles. The least correlated is Insmed Incorporated (INSM) (Healthcare) with a 1Y correlation of -0.05, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Insmed Incorporated | -0.05 | 0.07 | 0.06 | 62 | Healthcare | |
| Teekay Corporation | 0.19 | 0.23 | 0.28 | 84 | Energy | |
| Dorchester Minerals, L.P. | 0.37 | 0.33 | 0.37 | 52 | Energy | |
| Exxon Mobil Corporation | 0.39 | 0.42 | 0.45 | 85 | Energy | |
| Valero Energy Corporation | 0.41 | 0.30 | 0.37 | 93 | Energy |
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