Looking to balance out your exposure to PBYI? The ETFs below have historically moved differently from PBYI, 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 PBYI
3 ETFs have low correlation with PBYI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.05 | 0.02 | 0.04 | 93 | Inflation-Protected Bonds | PBYI vs STIP | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.24 | 0.27 | 67 | S&P 500 | PBYI vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.24 | 0.27 | 68 | S&P 500 | PBYI vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBYI, 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 Repligen Corporation (RGEN) (Healthcare) with a 1Y correlation of 0.07, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repligen Corporation | 0.07 | 0.16 | 0.21 | 58 | Healthcare | |
| Neurocrine Biosciences, Inc. | 0.15 | 0.13 | 0.19 | 71 | Healthcare | |
| Halozyme Therapeutics, Inc. | 0.15 | 0.19 | 0.25 | 75 | Healthcare | |
| Bio-Techne Corporation | 0.15 | 0.20 | 0.22 | 66 | Healthcare | |
| Universal Insurance Holdings, Inc. | 0.18 | 0.15 | 0.11 | 94 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PBYI
Add PBYI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBYI