Looking to balance out your exposure to PHG? The ETFs below have historically moved differently from PHG, 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 PHG
0 ETFs have low correlation with PHG (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Small-Cap ETF (SCHA) (Small Cap Blend Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Small-Cap ETF | 0.45 | 0.43 | 0.47 | 77 | Small Cap Blend Equities | PHG vs SCHA | |
| Vanguard S&P 500 ETF | 0.48 | 0.42 | 0.46 | 68 | S&P 500 | PHG vs VOO | |
| iShares Core S&P Small-Cap ETF | 0.50 | 0.44 | 0.46 | 86 | Small Cap Blend Equities | PHG vs IJR |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PHG, 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 Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.14, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.14 | 0.20 | 0.27 | 98 | Technology | |
| Linde plc | 0.20 | 0.26 | 0.33 | 51 | Basic Materials | |
| The Charles Schwab Corporation | 0.22 | 0.22 | 0.25 | 54 | Financial Services | |
| Applied Materials, Inc. | 0.23 | 0.25 | 0.31 | 95 | Technology | |
| KLA Corporation | 0.24 | 0.26 | 0.31 | 87 | Technology |
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