Looking to balance out your exposure to PGRE? The ETFs below have the lowest correlation with PGRE — they tend to move on their own, which can help reduce risk when PGRE drops. The stock ideas table highlights individual companies that behave independently from PGRE.
Best Diversifiers for PGRE
3 ETFs have low correlation with PGRE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.15, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.15 | 0.24 | 0.34 | 73 | Nasdaq-100 | PGRE vs QQQ | |
| Vanguard Mega Cap Value ETF | 0.15 | 0.39 | 0.48 | 82 | Large Cap Value Equities | PGRE vs MGV | |
| Vanguard S&P 500 ETF | 0.18 | 0.34 | 0.44 | 70 | S&P 500 | PGRE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGRE and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.10 | 0.21 | 59 | Communication Services | |
| Warner Bros. Discovery, Inc. | 0.06 | 0.31 | 0.38 | 97 | Communication Services | |
| Pfizer Inc. | 0.10 | 0.17 | 0.17 | 61 | Healthcare | |
| Macy's, Inc. | 0.12 | 0.27 | 0.37 | 86 | Consumer Cyclical |
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