Looking to balance out your exposure to PRDO? The ETFs below have the lowest correlation with PRDO — they tend to move on their own, which can help reduce risk when PRDO drops. The stock ideas table highlights individual companies that behave independently from PRDO.
Best Diversifiers for PRDO
2 ETFs have low correlation with PRDO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.16, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.16 | 0.23 | 0.31 | 60 | S&P 500 | PRDO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.23 | 0.31 | 60 | S&P 500 | PRDO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRDO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRDO and solid risk/return profiles. The least correlated is GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.07 | 0.15 | 0.15 | 89 | Industrials | |
| Johnson & Johnson | -0.06 | 0.02 | 0.10 | 96 | Healthcare | |
| Gold Fields Limited | -0.05 | 0.03 | 0.07 | 62 | Basic Materials | |
| American Healthcare REIT, Inc. | -0.04 | 0.17 | 0.17 | 83 | Real Estate | |
| Argan, Inc. | -0.04 | 0.12 | 0.21 | 96 | Industrials |
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