Looking to diversify beyond PHDG? The ETFs below have historically moved differently from PHDG, 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 PHDG
473 ETFs have low correlation with PHDG (below 0.3), 77 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | PHDG vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | PHDG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.27 | -0.17 | — | 61 | Cryptocurrency | PHDG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PHDG vs SBIT | |
| United States Oil Fund LP | -0.17 | -0.03 | 0.05 | 55 | Oil & Gas | PHDG vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PHDG, 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 Sabine Royalty Trust (SBR) (Energy) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabine Royalty Trust | -0.06 | 0.05 | 0.08 | 64 | Energy | |
| Berkshire Hathaway Inc. | -0.04 | 0.11 | 0.29 | 61 | Financial Services | |
| Lockheed Martin Corporation | -0.03 | 0.00 | 0.09 | 80 | Industrials | |
| Virtu Financial, Inc. | 0.18 | 0.14 | 0.20 | 73 | Financial Services |
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