Looking to balance out your exposure to PCOR? The ETFs below have historically moved differently from PCOR, 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 PCOR
6 ETFs have low correlation with PCOR (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Global Cash Cows Dividend ETF (GCOW) (Large Cap Value Equities) with a 1Y correlation of 0.04, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | 0.04 | 0.21 | 0.27 | 90 | Large Cap Value Equities, Dividend | PCOR vs GCOW | |
| iShares U.S. Healthcare ETF | 0.09 | 0.25 | 0.33 | 70 | Health & Biotech Equities | PCOR vs IYH | |
| Vanguard S&P 500 ETF | 0.23 | 0.44 | 0.54 | 68 | S&P 500 | PCOR vs VOO | |
| Vanguard Dividend Appreciation ETF | 0.23 | 0.41 | 0.47 | 75 | Dividend | PCOR vs VIG | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.44 | 0.54 | 67 | S&P 500 | PCOR vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PCOR, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.12 | 0.03 | 0.14 | 77 | Utilities | |
| ASML Holding N.V. | -0.08 | 0.22 | 0.37 | 96 | Technology | |
| Flex Ltd. | -0.08 | 0.23 | 0.33 | 91 | Technology | |
| Walmart Inc. | -0.07 | 0.08 | 0.13 | 62 | Consumer Defensive | |
| NVIDIA Corporation | -0.05 | 0.22 | 0.41 | 56 | Technology |
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