Looking to balance out your exposure to PJT? The ETFs below have historically moved differently from PJT, 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 PJT
5 ETFs have low correlation with PJT (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.16 | 0.19 | 76 | Energy Equities | PJT vs XLE | |
| iShares Ultra Short Duration Bond Active ETF | 0.15 | 0.09 | 0.08 | 99 | Ultrashort Bond | PJT vs ICSH | |
| State Street Health Care Select Sector SPDR ETF | 0.24 | 0.28 | 0.33 | 72 | Health & Biotech Equities | PJT vs XLV | |
| Vanguard Short-Term Corporate Bond ETF | 0.25 | 0.19 | 0.17 | 81 | Corporate Bonds | PJT vs VCSH | |
| State Street Technology Select Sector SPDR ETF | 0.25 | 0.36 | 0.39 | 55 | Technology Equities | PJT vs XLK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PJT, 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 Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.11, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.11 | 0.24 | 0.30 | 76 | Industrials | |
| Apple Inc | 0.17 | 0.23 | 0.27 | 89 | Technology | |
| NVIDIA Corporation | 0.18 | 0.23 | 0.30 | 56 | Technology | |
| Photronics, Inc. | 0.26 | 0.35 | 0.34 | 68 | Technology | |
| LCI Industries | 0.30 | 0.42 | 0.42 | 54 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PJT
Add PJT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PJT