Looking to balance out your exposure to PEBK? The ETFs below have the lowest correlation with PEBK — they tend to move on their own, which can help reduce risk when PEBK drops. The stock ideas table highlights individual companies that behave independently from PEBK.
No Diversifiers Found for PEBK
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEBK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEBK and solid risk/return profiles. The least correlated is Telephone and Data Systems, Inc. (TDS) (Communication Services) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telephone and Data Systems, Inc. | 0.17 | 0.15 | 0.14 | 57 | Communication Services | |
| Huntsman Corporation | 0.18 | 0.22 | 0.21 | 51 | Basic Materials | |
| Air Products and Chemicals, Inc. | 0.19 | 0.21 | 0.20 | 51 | Basic Materials | |
| EnPro Industries, Inc. | 0.23 | 0.29 | 0.25 | 87 | Industrials | |
| Cisco Systems, Inc. | 0.23 | 0.25 | 0.20 | 94 | Technology |
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