Looking to diversify beyond PPH? The ETFs below have historically moved differently from PPH, 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 PPH
1338 ETFs have low correlation with PPH (below 0.3), 136 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.27 | -0.17 | -0.02 | 83 | Oil & Gas | PPH vs UGA | |
| Invesco DB Oil Fund | -0.26 | -0.16 | -0.03 | 51 | Oil & Gas | PPH vs DBO | |
| Invesco DB Energy Fund | -0.26 | -0.17 | -0.03 | 66 | Oil & Gas | PPH vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.14 | -0.00 | 61 | Commodities | PPH vs GSG | |
| ProShares UltraShort Yen | -0.24 | -0.15 | -0.12 | 59 | Leveraged Currency | PPH vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPH, 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 Brookfield Renewable Partners L.P. (BEP) (Utilities) 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 | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | 0.06 | 0.20 | 0.24 | 80 | Utilities | |
| Archer-Daniels-Midland Company | 0.09 | 0.19 | 0.27 | 89 | Consumer Defensive | |
| Mueller Industries, Inc. | 0.16 | 0.23 | 0.31 | 87 | Industrials | |
| Definium Therapeutics, Inc | 0.17 | 0.22 | — | 99 | Healthcare | |
| COMPASS Pathways plc | 0.17 | 0.20 | 0.21 | 90 | Healthcare |
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