Looking to balance out your exposure to PRLD? The ETFs below have the lowest correlation with PRLD — they tend to move on their own, which can help reduce risk when PRLD drops. The stock ideas table highlights individual companies that behave independently from PRLD.
Best Diversifiers for PRLD
2 ETFs have low correlation with PRLD (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.16, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.23 | 0.24 | 85 | Dividend | PRLD vs SCHD | |
| Vanguard Total World Stock ETF | 0.19 | 0.28 | 0.30 | 70 | Global Equities | PRLD vs VT |
Diversification Analysis
Build a portfolio that complements PRLD
Add PRLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRLD