Looking to balance out your exposure to PRIM? The ETFs below have the lowest correlation with PRIM — they tend to move on their own, which can help reduce risk when PRIM drops. The stock ideas table highlights individual companies that behave independently from PRIM.
Best Diversifiers for PRIM
4 ETFs have low correlation with PRIM (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.05 | -0.00 | 100 | Ultrashort Bond | PRIM vs SGOV | |
| iShares Global Energy ETF | -0.01 | 0.19 | 0.32 | 81 | Energy Equities | PRIM vs IXC | |
| Vanguard Energy ETF | -0.00 | 0.21 | 0.34 | 71 | Energy Equities | PRIM vs VDE | |
| iShares Silver Trust | 0.19 | 0.19 | 0.21 | 51 | Silver, Precious Metals | PRIM vs SLV | |
| Amplify CWP Enhanced Dividend Income ETF | 0.36 | 0.42 | 0.47 | 69 | Derivative Income | PRIM vs DIVO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRIM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRIM and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.05 | 0.10 | 0.18 | 64 | Consumer Cyclical | |
| Woodside Energy Group Ltd | -0.00 | 0.19 | 0.25 | 86 | Energy | |
| The Travelers Companies, Inc. | 0.02 | 0.13 | 0.24 | 58 | Financial Services | |
| Coca-Cola Consolidated, Inc. | 0.07 | 0.13 | 0.23 | 81 | Consumer Defensive | |
| Energy Transfer LP | 0.10 | 0.24 | 0.31 | 74 | Energy |
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