Looking to balance out your exposure to PCRX? The ETFs below have historically moved differently from PCRX, 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 PCRX
2 ETFs have low correlation with PCRX (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 -0.14, roughly unchanged from -0.07 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 | -0.14 | -0.09 | -0.07 | 100 | Ultrashort Bond | PCRX vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.14 | 0.27 | 67 | S&P 500 | PCRX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PCRX, 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 F5 Networks, Inc. (FFIV) (Technology) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| F5 Networks, Inc. | -0.03 | 0.05 | 0.19 | 66 | Technology | |
| Amprius Technologies Inc. | -0.01 | 0.04 | — | 61 | Industrials | |
| RTX Corporation | 0.01 | 0.09 | 0.16 | 82 | Industrials | |
| VeriSign, Inc. | 0.05 | 0.09 | 0.19 | 53 | Technology | |
| Altria Group, Inc. | 0.05 | 0.06 | 0.12 | 66 | Consumer Defensive |
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