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 -0.13, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.09 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PHK vs BIL | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.07 | 0.01 | 0.08 | 74 | Commodities | PHK vs SDCI | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.03 | 0.00 | 100 | Ultrashort Bond | PHK vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.16 | 0.12 | 93 | Inflation-Protected Bonds | PHK vs VTIP | |
| Virtus Newfleet ABS/MBS ETF | 0.11 | 0.10 | 0.10 | 69 | Mortgage Backed Securities | PHK vs VABS |
To view more results, upgrade your current subscription plan.
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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.08 | 0.09 | 0.21 | 69 | Energy | |
| Altria Group, Inc. | -0.08 | 0.07 | 0.11 | 69 | Consumer Defensive | |
| Oxford Lane Capital Corp. | -0.06 | 0.02 | 0.08 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.04 | 0.00 | 0.04 | 88 | Financial Services | |
| W. P. Carey Inc. | -0.04 | 0.14 | 0.17 | 79 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PHK
Add PHK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHK