Looking to balance out your exposure to PHIO? The ETFs below have the lowest correlation with PHIO — they tend to move on their own, which can help reduce risk when PHIO drops. The stock ideas table highlights individual companies that behave independently from PHIO.
Best Diversifiers for PHIO
1 ETFs have low correlation with PHIO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of 0.29, up from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.29 | 0.18 | 0.18 | 77 | Dividend | PHIO vs VYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHIO and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.11, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.11 | 0.08 | 0.11 | 96 | Communication Services | |
| SkyWater Technology, Inc. | 0.14 | 0.17 | 0.18 | 95 | Technology | |
| Kinross Gold Corporation | 0.24 | 0.13 | 0.12 | 79 | Basic Materials |
Build a portfolio that complements PHIO
Add PHIO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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