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.
No Diversifiers Found for PBT
We do not have enough correlation history to rank diversifiers for this symbol yet.
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 Teekay Corporation (TK) (Energy) with a 1Y correlation of 0.20, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Corporation | 0.20 | 0.23 | 0.28 | 87 | Energy | |
| Exxon Mobil Corporation | 0.41 | 0.43 | 0.46 | 74 | Energy | |
| Valero Energy Corporation | 0.44 | 0.32 | 0.38 | 91 | Energy |
Build a portfolio that complements PBT
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