Looking to balance out your exposure to PRAA? The ETFs below have the lowest correlation with PRAA — they tend to move on their own, which can help reduce risk when PRAA drops. The stock ideas table highlights individual companies that behave independently from PRAA.
No Diversifiers Found for PRAA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRAA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRAA and solid risk/return profiles. The least correlated is Great Lakes Dredge & Dock Corporation (GLDD) (Industrials) with a 1Y correlation of 0.19, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Great Lakes Dredge & Dock Corporation | 0.19 | 0.32 | 0.30 | 84 | Industrials |
Build a portfolio that complements PRAA
Add PRAA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRAA