Looking to balance out your exposure to PRGO? The ETFs below have the lowest correlation with PRGO — they tend to move on their own, which can help reduce risk when PRGO drops. The stock ideas table highlights individual companies that behave independently from PRGO.
Best Diversifiers for PRGO
1 ETFs have low correlation with PRGO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.00 | -0.01 | 100 | Ultrashort Bond | PRGO vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.30 | 0.35 | 70 | S&P 500 | PRGO vs SPY | |
| Vanguard S&P 500 ETF | 0.40 | 0.30 | 0.35 | 70 | S&P 500 | PRGO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRGO and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.05, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.05 | 0.14 | 0.20 | 85 | Energy | |
| Eversource Energy | 0.21 | 0.27 | 0.25 | 51 | Utilities |
Build a portfolio that complements PRGO
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