Looking to balance out your exposure to PHM? The ETFs below have the lowest correlation with PHM — they tend to move on their own, which can help reduce risk when PHM drops. The stock ideas table highlights individual companies that behave independently from PHM.
Best Diversifiers for PHM
4 ETFs have low correlation with PHM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.10, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.10 | 0.26 | 0.40 | 54 | Technology Equities | PHM vs XLK | |
| VanEck Semiconductor ETF | 0.17 | 0.28 | 0.39 | 90 | Semiconductors, Technology Equities | PHM vs SMH | |
| Invesco QQQ ETF | 0.18 | 0.31 | 0.44 | 53 | Nasdaq-100 | PHM vs QQQ | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.19 | 0.31 | 0.41 | 91 | Leveraged Equities, Semiconductors | PHM vs SOXL | |
| Vanguard S&P 500 ETF | 0.31 | 0.44 | 0.53 | 66 | S&P 500 | PHM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHM and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.13 | 0.03 | 0.10 | 57 | Energy | |
| Cboe Global Markets, Inc. | -0.11 | -0.08 | 0.07 | 60 | Financial Services | |
| Chord Energy Corp | -0.09 | 0.11 | 0.17 | 65 | Energy | |
| Suncor Energy Inc. | -0.09 | 0.08 | 0.14 | 90 | Energy | |
| ConocoPhillips Company | -0.08 | 0.09 | 0.13 | 69 | Energy |
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Build a portfolio that complements PHM
Add PHM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHM