Looking to balance out your exposure to PH? The ETFs below have the lowest correlation with PH — they tend to move on their own, which can help reduce risk when PH drops. The stock ideas table highlights individual companies that behave independently from PH.
Best Diversifiers for PH
3 ETFs have low correlation with PH (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | PH vs BIL | |
| PGIM AAA CLO ETF | 0.01 | — | — | 99 | CLO | PH vs PAAA | |
| iShares U.S. Technology ETF | 0.29 | 0.46 | 0.53 | 61 | Technology Equities | PH vs IYW | |
| State Street Technology Select Sector SPDR ETF | 0.30 | 0.47 | 0.54 | 61 | Technology Equities | PH vs XLK | |
| Fidelity MSCI Information Technology Index ETF | 0.31 | 0.49 | 0.55 | 57 | Technology Equities | PH vs FTEC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PH and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.16 | -0.14 | 0.04 | 62 | Financial Services | |
| Cheniere Energy, Inc. | -0.15 | 0.12 | 0.22 | 55 | Energy | |
| Chevron Corporation | -0.14 | 0.12 | 0.25 | 73 | Energy | |
| Altria Group, Inc. | -0.13 | 0.02 | 0.15 | 77 | Consumer Defensive | |
| Murphy USA Inc. | -0.11 | 0.10 | 0.19 | 75 | Consumer Cyclical |
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Build a portfolio that complements PH
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