Looking to balance out your exposure to PGR? The ETFs below have the lowest correlation with PGR — they tend to move on their own, which can help reduce risk when PGR drops. The stock ideas table highlights individual companies that behave independently from PGR.
Best Diversifiers for PGR
292 ETFs have low correlation with PGR (below 0.3), 222 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.30, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.30 | -0.15 | 0.02 | 96 | Semiconductors, Technology Equities | PGR vs SOXX | |
| VanEck Semiconductor ETF | -0.30 | -0.14 | 0.02 | 96 | Semiconductors, Technology Equities | PGR vs SMH | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.30 | -0.15 | 0.02 | 97 | Leveraged Equities, Semiconductors | PGR vs SOXL | |
| Invesco PHLX Semiconductor ETF | -0.29 | -0.12 | 0.02 | 96 | Semiconductors, Technology Equities | PGR vs SOXQ | |
| Xtrackers Semiconductor Select Equity ETF | -0.29 | -0.15 | -0.15 | 97 | Semiconductors, Technology Equities | PGR vs CHPS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGR and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.31, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.31 | -0.16 | -0.03 | 95 | Technology | |
| Applied Materials, Inc. | -0.31 | -0.12 | 0.03 | 97 | Technology | |
| Micron Technology, Inc. | -0.30 | -0.13 | 0.01 | 99 | Technology | |
| ASML Holding N.V. | -0.30 | -0.15 | 0.00 | 94 | Technology | |
| KLA Corporation | -0.28 | -0.10 | 0.04 | 95 | Technology |
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Build a portfolio that complements PGR
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