Looking to balance out your exposure to PM? The ETFs below have the lowest correlation with PM — they tend to move on their own, which can help reduce risk when PM drops. The stock ideas table highlights individual companies that behave independently from PM.
Best Diversifiers for PM
280 ETFs have low correlation with PM (below 0.3), 177 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.21 | -0.10 | 0.02 | 90 | Leveraged Equities, Semiconductors | PM vs USD | |
| VanEck Fabless Semiconductor ETF | -0.19 | — | — | 93 | Semiconductors, Technology Equities | PM vs SMHX | |
| Direxion Daily Technology Bull 3X Shares | -0.19 | -0.05 | 0.08 | 85 | Leveraged Equities, Technology Equities | PM vs TECL | |
| Invesco PHLX Semiconductor ETF | -0.18 | -0.06 | — | 96 | Semiconductors, Technology Equities | PM vs SOXQ | |
| Fidelity MSCI Information Technology Index ETF | -0.18 | -0.03 | 0.07 | 77 | Technology Equities | PM vs FTEC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PM and solid risk/return profiles. The least correlated is C.H. Robinson Worldwide, Inc. (CHRW) (Industrials) with a 1Y correlation of -0.22, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| C.H. Robinson Worldwide, Inc. | -0.22 | 0.06 | 0.14 | 90 | Industrials | |
| United Parcel Service, Inc. | -0.20 | 0.10 | 0.19 | 57 | Industrials | |
| Emerson Electric Co. | -0.19 | 0.01 | 0.16 | 57 | Industrials | |
| QUALCOMM Incorporated | -0.18 | -0.03 | 0.07 | 79 | Technology | |
| Advanced Micro Devices, Inc. | -0.18 | -0.06 | 0.01 | 98 | Technology |
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Build a portfolio that complements PM
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