Looking to balance out your exposure to PFX? The ETFs below have the lowest correlation with PFX — they tend to move on their own, which can help reduce risk when PFX drops. The stock ideas table highlights individual companies that behave independently from PFX.
Best Diversifiers for PFX
2 ETFs have low correlation with PFX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard FTSE Developed Markets ETF (VEA) (Foreign Large Cap Equities) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Developed Markets ETF | -0.02 | 0.07 | 0.09 | 61 | Foreign Large Cap Equities | PFX vs VEA | |
| Franklin International Core Dividend Tilt Index ET... | -0.01 | 0.06 | 0.08 | 55 | Foreign Large Cap Equities | PFX vs DIVI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFX and solid risk/return profiles. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.02 | 0.03 | 0.05 | 78 | Financial Services | |
| Trinity Capital Inc. | 0.07 | 0.06 | 0.08 | 83 | Financial Services |
Build a portfolio that complements PFX
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