Looking to balance out your exposure to PRLB? The ETFs below have the lowest correlation with PRLB — they tend to move on their own, which can help reduce risk when PRLB drops. The stock ideas table highlights individual companies that behave independently from PRLB.
Best Diversifiers for PRLB
0 ETFs have low correlation with PRLB (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 0.57, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.57 | 0.55 | 0.56 | 74 | S&P 500 | PRLB vs VOO | |
| iShares Core S&P 500 ETF | 0.57 | 0.54 | 0.56 | 74 | S&P 500 | PRLB vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRLB and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.26, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.26 | 0.35 | 0.37 | 98 | Technology | |
| Keel Infrastructure Corporation | 0.33 | 0.34 | 0.37 | 94 | Financial Services | |
| Healthcare Services Group, Inc. | 0.41 | 0.44 | 0.40 | 73 | Healthcare | |
| ACM Research, Inc. | 0.41 | 0.38 | 0.40 | 94 | Technology |
Build a portfolio that complements PRLB
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