Looking to balance out your exposure to PIPR? The ETFs below have the lowest correlation with PIPR — they tend to move on their own, which can help reduce risk when PIPR drops. The stock ideas table highlights individual companies that behave independently from PIPR.
Best Diversifiers for PIPR
0 ETFs have low correlation with PIPR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.56, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.56 | 0.59 | 0.61 | 70 | S&P 500 | PIPR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.56 | 0.59 | 0.61 | 70 | S&P 500 | PIPR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PIPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PIPR and solid risk/return profiles. The least correlated is TIM S.A. (TIMB) (Communication Services) with a 1Y correlation of 0.16, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TIM S.A. | 0.16 | 0.15 | 0.17 | 71 | Communication Services | |
| Barrick Mining Corporation | 0.17 | 0.17 | 0.16 | 88 | Basic Materials | |
| Hudbay Minerals Inc. | 0.20 | 0.29 | 0.33 | 94 | Basic Materials | |
| Broadcom Inc. | 0.21 | 0.33 | 0.39 | 84 | Technology | |
| The Travelers Companies, Inc. | 0.24 | 0.32 | 0.37 | 51 | Financial Services |
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