Looking to balance out your exposure to PHAR? The ETFs below have the lowest correlation with PHAR — they tend to move on their own, which can help reduce risk when PHAR drops. The stock ideas table highlights individual companies that behave independently from PHAR.
No Diversifiers Found for PHAR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHAR and solid risk/return profiles. The least correlated is TORM plc (TRMD) (Energy) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
Build a portfolio that complements PHAR
Add PHAR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHAR