Looking to balance out your exposure to PRI? The ETFs below have the lowest correlation with PRI — they tend to move on their own, which can help reduce risk when PRI drops. The stock ideas table highlights individual companies that behave independently from PRI.
Best Diversifiers for PRI
1 ETFs have low correlation with PRI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.16, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.16 | 0.27 | 0.41 | 74 | Nasdaq-100 | PRI vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.40 | 0.54 | 74 | S&P 500 | PRI vs SPY | |
| Invesco S&P 500 Equal Weight ETF | 0.48 | 0.54 | 0.64 | 55 | S&P 500 | PRI vs RSP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRI and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.09 | 0.14 | 0.14 | 75 | Healthcare | |
| NVIDIA Corporation | -0.05 | 0.11 | 0.26 | 80 | Technology | |
| argenx SE | -0.04 | 0.10 | 0.14 | 77 | Healthcare | |
| Fabrinet | 0.02 | 0.19 | 0.33 | 93 | Technology | |
| Everpure, Inc. | 0.04 | 0.17 | 0.31 | 63 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PRI
Add PRI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRI