Looking to balance out your exposure to PHD? The ETFs below have the lowest correlation with PHD — they tend to move on their own, which can help reduce risk when PHD drops. The stock ideas table highlights individual companies that behave independently from PHD.
Best Diversifiers for PHD
3 ETFs have low correlation with PHD (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.02, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.02 | 0.24 | — | 74 | Nasdaq-100, Derivative Income | PHD vs JEPQ | |
| PGIM Floating Rate Income ETF | 0.03 | 0.22 | — | 91 | Bank Loan | PHD vs PFRL | |
| Amplify CWP International Enhanced Dividend Income... | 0.07 | 0.26 | — | 67 | Derivative Income, Dividend, Foreign Large Cap Equities | PHD vs IDVO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHD and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.03, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | 0.03 | 0.24 | 0.35 | 88 | Financial Services |
Build a portfolio that complements PHD
Add PHD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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