Looking to balance out your exposure to PHR? The ETFs below have historically moved differently from PHR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PHR
1 ETFs have low correlation with PHR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Russell 3000 ETF (VTHR) (Large Cap Blend Equities) with a 1Y correlation of 0.24, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Russell 3000 ETF | 0.24 | 0.43 | 0.51 | 66 | Large Cap Blend Equities | PHR vs VTHR |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PHR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.17 | 0.33 | 56 | Technology |
Build a portfolio that complements PHR
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