Looking to balance out your exposure to PFG? The ETFs below have historically moved differently from PFG, 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 PFG
0 ETFs have low correlation with PFG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P International Developed Momentum ETF (IDMO) (Momentum) with a 1Y correlation of 0.33, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P International Developed Momentum ETF | 0.33 | 0.38 | 0.50 | 55 | Momentum, Foreign Large Cap Equities | PFG vs IDMO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.46 | 0.57 | 67 | S&P 500 | PFG vs SPY | |
| Vanguard S&P 500 ETF | 0.38 | 0.45 | 0.57 | 68 | S&P 500 | PFG vs VOO | |
| Vanguard Total Stock Market ETF | 0.39 | 0.48 | 0.60 | 67 | Large Cap Blend Equities | PFG vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFG, 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 Apache Corporation (APA) (Energy) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.02 | 0.22 | 0.36 | 90 | Energy | |
| Quanta Services, Inc. | -0.01 | 0.21 | 0.33 | 85 | Industrials | |
| Amphenol Corporation | -0.00 | 0.22 | 0.38 | 77 | Technology | |
| Archer-Daniels-Midland Company | 0.02 | 0.23 | 0.34 | 90 | Consumer Defensive | |
| Valero Energy Corporation | 0.05 | 0.22 | 0.34 | 98 | Energy |
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