Looking to balance out your exposure to PCAR? The ETFs below have historically moved differently from PCAR, 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 PCAR
9 ETFs have low correlation with PCAR (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | -0.03 | 100 | Ultrashort Bond | PCAR vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | 0.05 | 0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | PCAR vs SHV | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 0.20 | 0.18 | — | 99 | Ultrashort Bond | PCAR vs CSHI | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.20 | 0.12 | 0.12 | 95 | Corporate Bonds | PCAR vs SPSB | |
| iMGP DBi Managed Futures Strategy ETF | 0.21 | 0.14 | 0.07 | 90 | Systematic Trend | PCAR vs DBMF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PCAR, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.04 | 0.17 | 66 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.08 | 0.06 | 0.16 | 57 | Energy | |
| EOG Resources, Inc. | -0.03 | 0.15 | 0.24 | 72 | Energy | |
| CrowdStrike Holdings, Inc. | -0.02 | 0.14 | 0.16 | 80 | Technology | |
| Diamondback Energy, Inc. | -0.01 | 0.17 | 0.26 | 79 | Energy |
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