Looking to balance out your exposure to PCAR? The ETFs below have the lowest correlation with PCAR — they tend to move on their own, which can help reduce risk when PCAR drops. The stock ideas table highlights individual companies that behave independently from PCAR.
Best Diversifiers for PCAR
8 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 -0.07, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.02 | -0.03 | 100 | Ultrashort Bond | PCAR vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | 0.05 | 0.02 | -0.00 | 100 | Government Bonds, Ultrashort Bond | PCAR vs SHV | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 0.20 | 0.17 | — | 99 | Ultrashort Bond | PCAR vs CSHI | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.22 | 0.12 | 0.13 | 93 | Corporate Bonds | PCAR vs SPSB | |
| iMGP DBi Managed Futures Strategy ETF | 0.24 | 0.14 | 0.08 | 87 | Systematic Trend | PCAR vs DBMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCAR and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.07 | 0.07 | 0.17 | 58 | Energy | |
| Altria Group, Inc. | -0.07 | 0.04 | 0.18 | 81 | Consumer Defensive | |
| EOG Resources, Inc. | -0.02 | 0.15 | 0.25 | 63 | Energy | |
| CrowdStrike Holdings, Inc. | -0.02 | 0.14 | 0.16 | 77 | Technology | |
| Diamondback Energy, Inc. | 0.01 | 0.18 | 0.27 | 77 | Energy |
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Build a portfolio that complements PCAR
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