Looking to balance out your exposure to PRCT? The ETFs below have the lowest correlation with PRCT — they tend to move on their own, which can help reduce risk when PRCT drops. The stock ideas table highlights individual companies that behave independently from PRCT.
Best Diversifiers for PRCT
3 ETFs have low correlation with PRCT (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.12, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.12 | 0.21 | — | 96 | Semiconductors, Technology Equities | PRCT vs SMH | |
| Invesco QQQ ETF | 0.19 | 0.28 | — | 74 | Nasdaq-100 | PRCT vs QQQ | |
| Vanguard S&P 500 ETF | 0.28 | 0.32 | — | 74 | S&P 500 | PRCT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRCT and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.16, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.16 | 0.23 | — | 77 | Real Estate |
Build a portfolio that complements PRCT
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