Looking to balance out your exposure to PRI? The ETFs below have historically moved differently from PRI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PRI
1 ETFs have low correlation with PRI (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 0.18, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.38 | 0.52 | 67 | S&P 500 | PRI vs SPY | |
| Invesco S&P 500 Equal Weight ETF | 0.42 | 0.53 | 0.63 | 73 | S&P 500, Equal Weight | PRI vs RSP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fabrinet (FN) (Technology) with a 1Y correlation of -0.11, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fabrinet | -0.11 | 0.14 | 0.28 | 63 | Technology | |
| Comfort Systems USA, Inc. | -0.08 | 0.22 | 0.37 | 95 | Industrials | |
| NVIDIA Corporation | -0.07 | 0.08 | 0.22 | 56 | Technology | |
| argenx SE | -0.06 | 0.09 | 0.15 | 69 | Healthcare | |
| Everpure, Inc. | -0.06 | 0.14 | 0.28 | 61 | Technology |
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