Looking to balance out your exposure to PR? The ETFs below have the lowest correlation with PR — they tend to move on their own, which can help reduce risk when PR drops. The stock ideas table highlights individual companies that behave independently from PR.
Best Diversifiers for PR
8 ETFs have low correlation with PR (below 0.3), 6 of which are negatively correlated. The least correlated is VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) (High Yield Bonds) with a 1Y correlation of -0.08, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Emerging Markets High Yield Bond ET... | -0.08 | 0.11 | — | 76 | High Yield Bonds | PR vs HYEM | |
| Vanguard S&P 500 ETF | -0.07 | 0.19 | — | 70 | S&P 500 | PR vs VOO | |
| State Street SPDR S&P 500 ETF | -0.07 | 0.19 | — | 70 | S&P 500 | PR vs SPY | |
| Vanguard Information Technology ETF | -0.06 | 0.15 | — | 76 | Technology Equities | PR vs VGT | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | -0.06 | 0.18 | 0.28 | 81 | High Yield Bonds | PR vs HYZD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PR and solid risk/return profiles. The least correlated is argenx SE (ARGX) (Healthcare) with a 1Y correlation of -0.14, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| argenx SE | -0.14 | -0.02 | 0.03 | 73 | Healthcare | |
| Agnico Eagle Mines Limited | -0.13 | 0.08 | 0.12 | 66 | Basic Materials | |
| Enphase Energy, Inc. | -0.05 | 0.14 | — | 65 | Technology | |
| Powell Industries, Inc. | -0.05 | 0.13 | — | 98 | Industrials | |
| Uranium Energy Corp. | -0.04 | 0.17 | — | 79 | Energy |
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