Looking to balance out your exposure to PHK? The ETFs below have historically moved differently from PHK, 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 PHK
25 ETFs have low correlation with PHK (below 0.3), 4 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 -0.16, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.16 | -0.08 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PHK vs BIL | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.11 | -0.01 | 0.06 | 84 | Commodities | PHK vs SDCI | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.04 | -0.00 | 100 | Ultrashort Bond | PHK vs SGOV | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.06 | -0.09 | -0.09 | 51 | Nontraditional Bonds | PHK vs RISR | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.14 | 0.13 | 88 | Inflation-Protected Bonds | PHK vs VTIP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PHK, 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 Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.08 | 0.01 | 0.08 | 97 | Financial Services | |
| Plains All American Pipeline, L.P. | -0.08 | 0.10 | 0.21 | 93 | Energy | |
| Energy Transfer LP | -0.06 | 0.10 | 0.20 | 82 | Energy | |
| Altria Group, Inc. | -0.03 | 0.06 | 0.11 | 66 | Consumer Defensive | |
| Agree Realty Corporation | -0.02 | 0.10 | 0.13 | 60 | Real Estate |
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