Looking to balance out your exposure to PHAT? The ETFs below have the lowest correlation with PHAT — they tend to move on their own, which can help reduce risk when PHAT drops. The stock ideas table highlights individual companies that behave independently from PHAT.
Best Diversifiers for PHAT
1 ETFs have low correlation with PHAT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.24, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.26 | 0.30 | 66 | S&P 500 | PHAT vs SPY |
Diversification Analysis
Build a portfolio that complements PHAT
Add PHAT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHAT