Looking to balance out your exposure to PFE? The ETFs below have the lowest correlation with PFE — they tend to move on their own, which can help reduce risk when PFE drops. The stock ideas table highlights individual companies that behave independently from PFE.
Best Diversifiers for PFE
186 ETFs have low correlation with PFE (below 0.3), 12 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.08 | -0.02 | 0.07 | 84 | Leveraged Equities, Semiconductors | PFE vs USD | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PFE vs USFR | |
| Spear Alpha ETF | -0.04 | 0.03 | — | 67 | Technology Equities | PFE vs SPRX | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.01 | -0.00 | 100 | Ultrashort Bond | PFE vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | -0.02 | -0.01 | -0.02 | 100 | Ultrashort Bond | PFE vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFE and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.13 | -0.04 | 0.07 | 71 | Technology | |
| NVIDIA Corporation | -0.11 | -0.05 | 0.04 | 66 | Technology | |
| AppLovin Corporation | -0.11 | -0.04 | 0.03 | 58 | Communication Services | |
| Credo Technology Group Holding Ltd | -0.08 | -0.01 | 0.04 | 87 | Technology | |
| Celestica Inc. | -0.06 | -0.02 | 0.08 | 88 | Technology |
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Build a portfolio that complements PFE
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