Looking to diversify beyond PHO? The ETFs below have the lowest correlation with PHO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PHO.
Best Diversifiers for PHO
266 ETFs have low correlation with PHO (below 0.3), 51 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.30 | -0.08 | 0.03 | 72 | Oil & Gas | PHO vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.21 | -0.02 | 0.09 | 51 | Commodities | PHO vs PDBC | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | — | — | 60 | Inverse Equities, Leveraged Equities | PHO vs MSTZ | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PHO vs IBIC | |
| ProShares UltraShort Yen | -0.19 | -0.07 | -0.07 | 75 | Leveraged Currency | PHO vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHO and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.02, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.02 | 0.22 | 0.32 | 95 | Energy | |
| NVIDIA Corporation | 0.06 | 0.22 | 0.39 | 69 | Technology | |
| British American Tobacco p.l.c. | 0.08 | 0.18 | 0.23 | 74 | Consumer Defensive | |
| Electronic Arts Inc. | 0.09 | 0.32 | 0.37 | 95 | Communication Services | |
| Johnson & Johnson | 0.10 | 0.19 | 0.28 | 97 | Healthcare |
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Build a portfolio that complements PHO
Add PHO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHO