Looking to balance out your exposure to PJT? The ETFs below have the lowest correlation with PJT — they tend to move on their own, which can help reduce risk when PJT drops. The stock ideas table highlights individual companies that behave independently from PJT.
Best Diversifiers for PJT
5 ETFs have low correlation with PJT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Ultra Short Duration Bond Active ETF (ICSH) (Ultrashort Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Ultra Short Duration Bond Active ETF | 0.10 | 0.08 | 0.07 | 99 | Ultrashort Bond | PJT vs ICSH | |
| Vanguard Short-Term Corporate Bond ETF | 0.19 | 0.18 | 0.15 | 79 | Corporate Bonds | PJT vs VCSH | |
| State Street Technology Select Sector SPDR ETF | 0.24 | 0.36 | 0.39 | 62 | Technology Equities | PJT vs XLK | |
| State Street Health Care Select Sector SPDR ETF | 0.27 | 0.28 | 0.34 | 51 | Health & Biotech Equities | PJT vs XLV | |
| Invesco QQQ ETF | 0.27 | 0.38 | 0.40 | 59 | Nasdaq-100 | PJT vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PJT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PJT and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.09, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.09 | 0.25 | 0.31 | 92 | Industrials | |
| Apple Inc | 0.15 | 0.22 | 0.27 | 88 | Technology | |
| NVIDIA Corporation | 0.18 | 0.24 | 0.30 | 65 | Technology | |
| GCM Grosvenor Inc. | 0.40 | 0.35 | 0.35 | 59 | Financial Services |
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