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
6 ETFs have low correlation with PHM (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Physical Silver Trust (PSLV) (Silver) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.10 | 0.10 | 0.12 | 79 | Silver, Precious Metals | PHM vs PSLV | |
| State Street Technology Select Sector SPDR ETF | 0.13 | 0.27 | 0.41 | 83 | Technology Equities | PHM vs XLK | |
| ProShares UltraPro QQQ | 0.21 | 0.33 | 0.45 | 71 | Leveraged Equities | PHM vs TQQQ | |
| Invesco QQQ ETF | 0.21 | 0.33 | 0.45 | 73 | Nasdaq-100 | PHM vs QQQ | |
| VanEck Semiconductor ETF | 0.23 | 0.30 | 0.40 | 96 | Semiconductors, Technology Equities | PHM vs SMH |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | 0.14 | 0.29 | 78 | Technology | |
| Cboe Global Markets, Inc. | -0.07 | -0.07 | 0.09 | 68 | Financial Services | |
| Fortinet, Inc. | -0.06 | 0.09 | 0.27 | 66 | Technology | |
| Suncor Energy Inc. | -0.04 | 0.11 | 0.15 | 95 | Energy | |
| Altria Group, Inc. | -0.02 | 0.07 | 0.15 | 69 | Consumer Defensive |
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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