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
3 ETFs have low correlation with PROSY (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.14 | 0.04 | 0.11 | 59 | Energy Equities | PROSY vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | PROSY vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.25 | 0.31 | 91 | Dividend | PROSY vs SCHD | |
| iShares MSCI USA Equal Weighted ETF | 0.38 | 0.40 | 0.44 | 54 | Mid Cap Blend Equities, Equal Weight | PROSY vs EUSA | |
| Global X Copper Miners ETF | 0.41 | 0.49 | 0.45 | 56 | Copper | PROSY vs COPX |
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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 -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.11 | 0.01 | 0.04 | 61 | Communication Services | |
| Petróleo Brasileiro S.A. - Petrobras | -0.03 | 0.15 | 0.13 | 80 | Energy | |
| Walmart Inc. | -0.03 | 0.02 | 0.05 | 69 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.02 | 0.12 | 0.19 | 53 | Financial Services | |
| The Allstate Corporation | -0.02 | 0.01 | 0.06 | 76 | Financial Services |
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