Looking to balance out your exposure to PRK? The ETFs below have the lowest correlation with PRK — they tend to move on their own, which can help reduce risk when PRK drops. The stock ideas table highlights individual companies that behave independently from PRK.
Best Diversifiers for PRK
0 ETFs have low correlation with PRK (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 0.33, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.33 | 0.38 | 0.44 | 74 | S&P 500 | PRK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRK and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.08 | 0.10 | 0.19 | 61 | Technology | |
| Intel Corporation | 0.17 | 0.22 | 0.28 | 98 | Technology |
Build a portfolio that complements PRK
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