Looking to diversify beyond PHDG? The ETFs below have the lowest correlation with PHDG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PHDG.
Best Diversifiers for PHDG
277 ETFs have low correlation with PHDG (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.07 | -0.07 | 61 | Leveraged Currency | PHDG vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | — | — | 98 | Inflation-Protected Bonds | PHDG vs IBIC | |
| Breakwave Tanker Shipping ETF | -0.11 | -0.03 | — | 98 | Commodities | PHDG vs BWET | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | PHDG vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.06 | -0.03 | 100 | Ultrashort Bond | PHDG vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHDG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHDG and solid risk/return profiles. The least correlated is Virtu Financial, Inc. (VIRT) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Virtu Financial, Inc. | 0.18 | 0.14 | 0.19 | 77 | Financial Services |
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