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 Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.30, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.30 | 0.30 | — | 58 | Nasdaq-100 | PRME vs QQQ | |
| Vanguard Information Technology ETF | 0.30 | 0.30 | — | 57 | Technology Equities | PRME vs VGT | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.36 | — | 66 | 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 0.27, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tango Therapeutics, Inc. | 0.27 | 0.29 | — | 98 | Healthcare | |
| Rocket Lab USA, Inc. | 0.37 | 0.35 | — | 77 | Industrials | |
| Beam Therapeutics Inc. | 0.62 | 0.60 | — | 68 | Healthcare | |
| Intellia Therapeutics, Inc. | 0.66 | 0.63 | — | 53 | Healthcare |
Build a portfolio that complements PRME
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