Looking to balance out your exposure to PROSY? The ETFs below have the lowest correlation with PROSY — they tend to move on their own, which can help reduce risk when PROSY drops. The stock ideas table highlights individual companies that behave independently from PROSY.
Best Diversifiers for PROSY
2 ETFs have low correlation with PROSY (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | PROSY vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.28 | 0.32 | 77 | Dividend | PROSY vs SCHD | |
| iShares MSCI Global Metals & Mining Producers ETF | 0.46 | 0.53 | 0.47 | 69 | Metals, Natural Resources, Materials | PROSY vs PICK | |
| Global X Copper Miners ETF | 0.46 | 0.52 | 0.47 | 56 | Copper | PROSY vs COPX | |
| Invesco QQQ ETF | 0.48 | 0.44 | 0.46 | 59 | Nasdaq-100 | PROSY vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PROSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PROSY and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.03 | 0.05 | 62 | Communication Services | |
| Petróleo Brasileiro S.A. - Petrobras | -0.05 | 0.15 | 0.13 | 75 | Energy | |
| The Allstate Corporation | -0.04 | -0.00 | 0.06 | 70 | Financial Services | |
| Walmart Inc. | -0.02 | 0.03 | 0.06 | 70 | Consumer Defensive | |
| Merck & Co., Inc. | 0.07 | 0.02 | 0.00 | 90 | Healthcare |
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