Looking to balance out your exposure to PHX? The ETFs below have the lowest correlation with PHX — they tend to move on their own, which can help reduce risk when PHX drops. The stock ideas table highlights individual companies that behave independently from PHX.
Best Diversifiers for PHX
3 ETFs have low correlation with PHX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.01 | 0.18 | 0.23 | 70 | S&P 500 | PHX vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.03 | -0.01 | 100 | Ultrashort Bond | PHX vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.01 | 0.25 | 0.30 | 80 | Dividend | PHX vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHX and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.08 | 0.06 | 0.04 | 92 | Healthcare | |
| Verizon Communications Inc. | -0.07 | 0.10 | 0.11 | 59 | Communication Services | |
| Alphabet Inc. Class A | -0.04 | 0.05 | 0.09 | 96 | Communication Services | |
| Black Stone Minerals, L.P. | -0.02 | 0.25 | 0.39 | 54 | Energy | |
| Equinor ASA | -0.02 | 0.21 | 0.38 | 82 | Energy |
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