Looking to balance out your exposure to PHK? The ETFs below have the lowest correlation with PHK — they tend to move on their own, which can help reduce risk when PHK drops. The stock ideas table highlights individual companies that behave independently from PHK.
Best Diversifiers for PHK
31 ETFs have low correlation with PHK (below 0.3), 3 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.17, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.17 | -0.10 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PHK vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.04 | -0.00 | 100 | Ultrashort Bond | PHK vs SGOV | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.08 | 0.01 | 0.07 | 74 | Commodities | PHK vs SDCI | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.16 | 0.13 | 90 | Inflation-Protected Bonds | PHK vs VTIP | |
| Janus Henderson AAA CLO ETF | 0.13 | 0.10 | 0.08 | 99 | CLO | PHK vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHK and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.08 | 0.00 | 0.08 | 96 | Financial Services | |
| Energy Transfer LP | -0.06 | 0.10 | 0.21 | 83 | Energy | |
| Plains All American Pipeline, L.P. | -0.05 | 0.12 | 0.21 | 87 | Energy | |
| Agree Realty Corporation | -0.04 | 0.10 | 0.13 | 67 | Real Estate | |
| Altria Group, Inc. | -0.03 | 0.06 | 0.11 | 78 | Consumer Defensive |
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Build a portfolio that complements PHK
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