Looking to balance out your exposure to POR? The ETFs below have the lowest correlation with POR — they tend to move on their own, which can help reduce risk when POR drops. The stock ideas table highlights individual companies that behave independently from POR.
Best Diversifiers for POR
1 ETFs have low correlation with POR (below 0.3), 0 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 0.03, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.03 | 0.13 | 0.25 | 70 | S&P 500 | POR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from POR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to POR and solid risk/return profiles. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of 0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | 0.01 | 0.12 | 0.14 | 92 | Energy | |
| Brookfield Infrastructure Partners LP | 0.03 | 0.29 | 0.30 | 70 | Utilities | |
| Kinder Morgan, Inc. | 0.22 | 0.34 | 0.33 | 60 | Energy | |
| Regency Centers Corporation | 0.42 | 0.47 | 0.44 | 61 | Real Estate | |
| Kite Realty Group Trust | 0.43 | 0.46 | 0.44 | 79 | Real Estate |
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