Looking to balance out your exposure to PGZ? The ETFs below have the lowest correlation with PGZ — they tend to move on their own, which can help reduce risk when PGZ drops. The stock ideas table highlights individual companies that behave independently from PGZ.
Best Diversifiers for PGZ
8 ETFs have low correlation with PGZ (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson AAA CLO ETF (JAAA) (CLO) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | 0.12 | 0.12 | 0.08 | 98 | CLO | PGZ vs JAAA | |
| First Trust Senior Loan Fund | 0.18 | 0.26 | 0.30 | 59 | High Yield Bonds | PGZ vs FTSL | |
| WisdomTree Equity Premium Income Fund | 0.22 | 0.35 | 0.38 | 57 | Derivative Income | PGZ vs WTPI | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.26 | — | — | 70 | Nasdaq-100, Dividend | PGZ vs GPIQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.26 | 0.27 | 0.32 | 64 | Nasdaq-100, Derivative Income | PGZ vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGZ and solid risk/return profiles. The least correlated is Spire Inc. (SR) (Utilities) with a 1Y correlation of 0.22, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Spire Inc. | 0.22 | 0.31 | 0.31 | 57 | Utilities | |
| Reaves Utility Income Trust | 0.28 | 0.37 | 0.43 | 74 | Financial Services | |
| Apollo Commercial Real Estate Finance, Inc. | 0.28 | 0.40 | 0.42 | 73 | Real Estate | |
| AGNC Investment Corp. | 0.31 | 0.46 | 0.43 | 77 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund | 0.58 | 0.65 | 0.59 | 59 | Financial Services |
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