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
6 ETFs have low correlation with PROSY (below 0.3), 3 of which are negatively correlated. The least correlated is iShares U.S. Oil & Gas Exploration & Production ETF (IEO) (Energy Equities) with a 1Y correlation of -0.17, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.17 | 0.07 | 0.12 | 51 | Energy Equities | PROSY vs IEO | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.09 | 0.12 | 70 | Energy Equities | PROSY vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.00 | 0.04 | 0.03 | 100 | Government Bonds, Ultrashort Bond | PROSY vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.29 | 0.32 | 85 | Dividend | PROSY vs SCHD | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.28 | 0.28 | 0.28 | 57 | Silver, Precious Metals | PROSY vs SLVP |
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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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.08 | 0.15 | 0.13 | 88 | Energy | |
| Verizon Communications Inc. | -0.08 | 0.03 | 0.05 | 56 | Communication Services | |
| Walmart Inc. | -0.00 | 0.05 | 0.07 | 66 | Consumer Defensive | |
| Cardinal Health, Inc. | 0.09 | 0.02 | 0.07 | 73 | Healthcare | |
| Madrigal Pharmaceuticals, Inc. | 0.11 | 0.13 | 0.18 | 81 | Healthcare |
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