Looking to balance out your exposure to PGY? The ETFs below have the lowest correlation with PGY — they tend to move on their own, which can help reduce risk when PGY drops. The stock ideas table highlights individual companies that behave independently from PGY.
Best Diversifiers for PGY
1 ETFs have low correlation with PGY (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Copper) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.23 | 0.32 | — | 56 | Copper | PGY vs COPX | |
| VanEck Semiconductor ETF | 0.35 | 0.35 | — | 90 | Semiconductors, Technology Equities | PGY vs SMH | |
| Vanguard S&P 500 ETF | 0.55 | 0.49 | — | 66 | S&P 500 | PGY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGY and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.11 | -0.00 | 0.04 | 76 | Financial Services | |
| Merck & Co., Inc. | -0.05 | -0.00 | -0.01 | 92 | Healthcare | |
| Eli Lilly and Company | 0.03 | 0.10 | 0.09 | 79 | Healthcare | |
| Incyte Corporation | 0.04 | 0.13 | — | 90 | Healthcare | |
| Nektar Therapeutics | 0.20 | 0.26 | — | 90 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PGY
Add PGY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PGY