Looking to balance out your exposure to PRME? The ETFs below have the lowest correlation with PRME — they tend to move on their own, which can help reduce risk when PRME drops. The stock ideas table highlights individual companies that behave independently from PRME.
Best Diversifiers for PRME
2 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 0.28, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.28 | 0.29 | — | 76 | Technology Equities | PRME vs VGT | |
| Invesco QQQ ETF | 0.29 | 0.30 | — | 74 | Nasdaq-100 | PRME vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | — | 74 | S&P 500 | PRME vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRME and solid risk/return profiles. The least correlated is Tango Therapeutics, Inc. (TNGX) (Healthcare) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tango Therapeutics, Inc. | 0.26 | 0.29 | — | 98 | Healthcare | |
| indie Semiconductor, Inc. | 0.30 | 0.34 | — | 65 | Technology | |
| Beam Therapeutics Inc. | 0.61 | 0.60 | — | 77 | Healthcare | |
| CRISPR Therapeutics AG | 0.62 | 0.59 | — | 64 | Healthcare | |
| Intellia Therapeutics, Inc. | 0.62 | 0.62 | — | 68 | Healthcare |
Build a portfolio that complements PRME
Add PRME to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRME