Looking to balance out your exposure to PRME? The ETFs below have historically moved differently from PRME, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PRME
0 ETFs have low correlation with PRME (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.32 | 0.30 | — | 52 | Technology Equities | PRME vs VGT | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.36 | — | 67 | S&P 500 | PRME vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRME, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Tango Therapeutics, Inc. (TNGX) (Healthcare) with a 1Y correlation of 0.28, roughly unchanged from 0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tango Therapeutics, Inc. | 0.28 | 0.29 | — | 98 | Healthcare | |
| Nu Holdings Ltd. | 0.29 | 0.23 | 0.24 | 57 | Financial Services | |
| Rocket Lab USA, Inc. | 0.40 | 0.36 | — | 62 | Industrials | |
| Beam Therapeutics Inc. | 0.63 | 0.61 | — | 62 | Healthcare |
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