Looking to balance out your exposure to PRA? The ETFs below have the lowest correlation with PRA — they tend to move on their own, which can help reduce risk when PRA drops. The stock ideas table highlights individual companies that behave independently from PRA.
Best Diversifiers for PRA
2 ETFs have low correlation with PRA (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 0.04, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.04 | 0.23 | 0.32 | 70 | S&P 500 | PRA vs SPY | |
| Invesco S&P 500® Pure Value ETF | 0.17 | 0.39 | 0.46 | 66 | Large Cap Value Equities, S&P 500 | PRA vs RPV |
Diversification Analysis
Build a portfolio that complements PRA
Add PRA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRA