Looking to balance out your exposure to PCYO? The ETFs below have the lowest correlation with PCYO — they tend to move on their own, which can help reduce risk when PCYO drops. The stock ideas table highlights individual companies that behave independently from PCYO.
Best Diversifiers for PCYO
0 ETFs have low correlation with PCYO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.36, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.36 | 0.36 | 0.40 | 70 | S&P 500 | PCYO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCYO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCYO and solid risk/return profiles. The least correlated is Energy Vault Holdings, Inc. (NRGV) (Utilities) with a 1Y correlation of 0.11, down from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Vault Holdings, Inc. | 0.11 | 0.25 | — | 95 | Utilities | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.24 | 0.15 | 0.14 | 71 | Utilities |
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