Looking to balance out your exposure to PRM? The ETFs below have the lowest correlation with PRM — they tend to move on their own, which can help reduce risk when PRM drops. The stock ideas table highlights individual companies that behave independently from PRM.
Best Diversifiers for PRM
1 ETFs have low correlation with PRM (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.00 | — | 100 | Ultrashort Bond | PRM vs SGOV | |
| iShares MSCI ACWI ETF | 0.32 | 0.41 | — | 70 | Global Equities | PRM vs ACWI | |
| Vanguard S&P 500 ETF | 0.34 | 0.40 | — | 74 | S&P 500 | PRM vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.05 | — | 73 | Consumer Defensive | |
| RTX Corporation | 0.00 | 0.13 | — | 75 | Industrials | |
| Millicom International Cellular S.A. | 0.00 | 0.15 | 0.21 | 98 | Communication Services | |
| Gilead Sciences, Inc. | 0.05 | 0.10 | 0.12 | 65 | Healthcare | |
| Teekay Tankers Ltd. | 0.08 | 0.13 | — | 80 | Energy |
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