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
264 ETFs have low correlation with PGR (below 0.3), 211 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of -0.39, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | -0.39 | -0.18 | -0.01 | 94 | Semiconductors, Technology Equities | PGR vs SOXQ | |
| iShares Semiconductor ETF | -0.38 | -0.18 | -0.01 | 94 | Semiconductors, Technology Equities | PGR vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.37 | -0.18 | -0.00 | 95 | Leveraged Equities, Semiconductors | PGR vs SOXL | |
| Roundhill Generative AI & Technology ETF | -0.37 | -0.17 | — | 89 | Technology Equities | PGR vs CHAT | |
| iShares Future AI & Tech ETF | -0.37 | -0.18 | -0.01 | 79 | Technology Equities | PGR vs ARTY |
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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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.37, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.37 | -0.16 | -0.02 | 99 | Technology | |
| ASML Holding N.V. | -0.37 | -0.18 | -0.02 | 95 | Technology | |
| Flex Ltd. | -0.35 | -0.16 | 0.03 | 96 | Technology | |
| Applied Materials, Inc. | -0.35 | -0.15 | 0.01 | 97 | Technology | |
| Lam Research Corporation | -0.34 | -0.16 | -0.00 | 97 | Technology |
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Build a portfolio that complements PGR
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