Looking to balance out your exposure to PGR? The ETFs below have historically moved differently from PGR, 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 PGR
274 ETFs have low correlation with PGR (below 0.3), 216 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.43, down from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.43 | -0.19 | — | 66 | Artificial Intelligence, Technology Equities | PGR vs CHAT | |
| Invesco AI and Next Gen Software ETF | -0.42 | -0.17 | -0.01 | 81 | Artificial Intelligence, Technology Equities | PGR vs IGPT | |
| Invesco PHLX Semiconductor ETF | -0.41 | -0.19 | -0.02 | 87 | Semiconductors, Technology Equities | PGR vs SOXQ | |
| VanEck Semiconductor ETF | -0.40 | -0.19 | -0.01 | 86 | Semiconductors, Technology Equities | PGR vs SMH | |
| iShares Semiconductor ETF | -0.40 | -0.19 | -0.02 | 89 | Semiconductors, Technology Equities | PGR vs SOXX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PGR, 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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.41, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.41 | -0.20 | -0.03 | 96 | Technology | |
| Flex Ltd. | -0.38 | -0.16 | 0.02 | 91 | Technology | |
| Lam Research Corporation | -0.37 | -0.18 | -0.02 | 96 | Technology | |
| Micron Technology, Inc. | -0.37 | -0.17 | -0.02 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.36 | -0.15 | -0.03 | 94 | Technology |
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