Looking to balance out your exposure to PRO? The ETFs below have the lowest correlation with PRO — they tend to move on their own, which can help reduce risk when PRO drops. The stock ideas table highlights individual companies that behave independently from PRO.
Best Diversifiers for PRO
3 ETFs have low correlation with PRO (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 0.24, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.24 | 0.39 | 0.49 | 76 | Technology Equities | PRO vs VGT | |
| Vanguard S&P 500 ETF | 0.24 | 0.38 | 0.48 | 74 | S&P 500 | PRO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.38 | 0.48 | 74 | S&P 500 | PRO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.21 | 0.35 | 80 | Technology |
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