Looking to balance out your exposure to POR? The ETFs below have historically moved differently from POR, 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 POR
1 ETFs have low correlation with POR (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.10 | 0.23 | 71 | S&P 500 | POR vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for POR, 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 HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | 0.01 | 0.09 | 0.13 | 94 | Energy | |
| Brookfield Infrastructure Partners L.P. | 0.06 | 0.27 | 0.30 | 85 | Utilities | |
| Host Hotels & Resorts, Inc. | 0.14 | 0.24 | 0.24 | 97 | Real Estate | |
| Cousins Properties Incorporated | 0.19 | 0.32 | 0.38 | 63 | Real Estate | |
| Enterprise Products Partners L.P. | 0.21 | 0.22 | 0.23 | 86 | Energy |
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