Looking to balance out your exposure to PH? The ETFs below have historically moved differently from PH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PH
8 ETFs have low correlation with PH (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.13 | 0.03 | 0.13 | 56 | Commodities | PH vs DBC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | PH vs BIL | |
| State Street Energy Select Sector SPDR ETF | -0.07 | 0.22 | 0.32 | 69 | Energy Equities | PH vs XLE | |
| PGIM AAA CLO ETF | 0.03 | 0.11 | — | 99 | CLO | PH vs PAAA | |
| Vanguard Health Care ETF | 0.27 | 0.38 | 0.44 | 64 | Health & Biotech Equities | PH vs VHT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.17, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.17 | -0.14 | 0.03 | 56 | Financial Services | |
| Chevron Corporation | -0.14 | 0.13 | 0.25 | 76 | Energy | |
| Altria Group, Inc. | -0.14 | 0.01 | 0.14 | 64 | Consumer Defensive | |
| ConocoPhillips Company | -0.12 | 0.15 | 0.26 | 71 | Energy | |
| EOG Resources, Inc. | -0.11 | 0.12 | 0.24 | 70 | Energy |
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