Looking to diversify beyond PPH? The ETFs below have the lowest correlation with PPH — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PPH.
Best Diversifiers for PPH
1150 ETFs have low correlation with PPH (below 0.3), 77 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.43 | -0.43 | -0.43 | 99 | Leveraged Equities, Semiconductors | PPH vs MUU | |
| ProShares UltraShort Yen | -0.30 | -0.15 | -0.12 | 75 | Leveraged Currency | PPH vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.16 | -0.02 | 72 | Oil & Gas | PPH vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.11 | 0.02 | 51 | Commodities | PPH vs PDBC | |
| Harbor Commodity All-Weather Strategy ETF | -0.20 | -0.09 | — | 69 | Commodities | PPH vs HGER |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPH and solid risk/return profiles. The least correlated is Brookfield Renewable Partners L.P. (BEP) (Utilities) with a 1Y correlation of 0.05, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | 0.05 | 0.21 | 0.25 | 78 | Utilities | |
| Archer-Daniels-Midland Company | 0.13 | 0.20 | 0.27 | 89 | Consumer Defensive | |
| TC Energy Corporation | 0.20 | 0.27 | 0.33 | 95 | Energy | |
| COMPASS Pathways plc | 0.20 | 0.21 | 0.21 | 96 | Healthcare | |
| Mueller Industries, Inc. | 0.20 | 0.23 | 0.32 | 75 | Industrials |
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Build a portfolio that complements PPH
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