Looking to balance out your exposure to PPIH? The ETFs below have the lowest correlation with PPIH — they tend to move on their own, which can help reduce risk when PPIH drops. The stock ideas table highlights individual companies that behave independently from PPIH.
Best Diversifiers for PPIH
1 ETFs have low correlation with PPIH (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.18 | 0.14 | 85 | Dividend | PPIH vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.23 | 0.18 | 74 | S&P 500 | PPIH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPIH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPIH and solid risk/return profiles. The least correlated is Enerflex Ltd. (EFXT) (Energy) with a 1Y correlation of 0.27, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enerflex Ltd. | 0.27 | 0.15 | 0.12 | 99 | Energy |
Build a portfolio that complements PPIH
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