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
233 ETFs have low correlation with PHO (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.07 | -0.07 | 61 | Leveraged Currency | PHO vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PHO vs USFR | |
| VanEck Commodity Strategy ETF | -0.16 | -0.01 | — | 55 | Commodities | PHO vs PIT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | PHO vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | -0.00 | -0.00 | 99 | Ultrashort Bond | PHO vs CSHP |
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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 0.01, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.01 | 0.23 | 0.32 | 94 | Energy | |
| British American Tobacco p.l.c. | 0.09 | 0.20 | 0.25 | 73 | Consumer Defensive | |
| Johnson & Johnson | 0.13 | 0.19 | 0.26 | 95 | Healthcare | |
| CVS Health Corporation | 0.15 | 0.23 | 0.30 | 85 | Healthcare | |
| AbbVie Inc. | 0.15 | 0.26 | 0.29 | 71 | Healthcare |
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Build a portfolio that complements PHO
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