Looking to balance out your exposure to PRDSY? The ETFs below have the lowest correlation with PRDSY — they tend to move on their own, which can help reduce risk when PRDSY drops. The stock ideas table highlights individual companies that behave independently from PRDSY.
Best Diversifiers for PRDSY
1 ETFs have low correlation with PRDSY (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 0.26, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.11 | 0.13 | 70 | S&P 500 | PRDSY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRDSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRDSY and solid risk/return profiles. The least correlated is Archer-Daniels-Midland Company (ADM) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | 0.05 | 0.06 | 0.07 | 94 | Consumer Defensive |
Build a portfolio that complements PRDSY
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