Looking to balance out your exposure to PII? The ETFs below have historically moved differently from PII, 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 PII
1 ETFs have low correlation with PII (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.11, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.11 | 0.02 | 0.09 | 71 | Commodities | PII vs DBC | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.40 | 0.51 | 67 | S&P 500 | PII vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PII, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.06, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | 0.18 | 0.23 | 80 | Energy | |
| Walmart Inc. | 0.01 | 0.04 | 0.15 | 62 | Consumer Defensive | |
| Eli Lilly and Company | 0.05 | 0.02 | 0.06 | 83 | Healthcare | |
| Höegh Autoliners ASA | 0.05 | 0.01 | — | 84 | Industrials | |
| Palo Alto Networks, Inc. | 0.07 | 0.06 | 0.19 | 88 | Technology |
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