Looking to balance out your exposure to PRGS? The ETFs below have the lowest correlation with PRGS — they tend to move on their own, which can help reduce risk when PRGS drops. The stock ideas table highlights individual companies that behave independently from PRGS.
Best Diversifiers for PRGS
1 ETFs have low correlation with PRGS (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 0.27, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.27 | 0.39 | 0.51 | 70 | S&P 500 | PRGS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRGS and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.03 | 0.14 | 0.26 | 99 | Technology | |
| Uranium Energy Corp. | -0.02 | 0.03 | 0.17 | 79 | Energy | |
| Jabil Inc. | 0.01 | 0.20 | 0.35 | 92 | Technology | |
| AbbVie Inc. | 0.02 | 0.15 | 0.16 | 62 | Healthcare | |
| Red Cat Holdings, Inc. | 0.05 | 0.13 | 0.15 | 69 | Technology |
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