Looking to balance out your exposure to PHR? The ETFs below have the lowest correlation with PHR — they tend to move on their own, which can help reduce risk when PHR drops. The stock ideas table highlights individual companies that behave independently from PHR.
Best Diversifiers for PHR
2 ETFs have low correlation with PHR (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Metals & Mining ETF (XME) (Materials) with a 1Y correlation of 0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Metals & Mining ETF | 0.03 | 0.27 | 0.29 | 77 | Materials | PHR vs XME | |
| Vanguard Russell 3000 ETF | 0.30 | 0.45 | 0.51 | 67 | Large Cap Blend Equities | PHR vs VTHR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.07, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.07 | 0.20 | 0.35 | 78 | Technology | |
| Veris Residential, Inc. | 0.11 | 0.23 | 0.25 | 80 | Real Estate |
Build a portfolio that complements PHR
Add PHR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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