Looking to balance out your exposure to PRRFY? The ETFs below have historically moved differently from PRRFY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PRRFY
1 ETFs have low correlation with PRRFY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.04, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.04 | 0.07 | 0.05 | 67 | S&P 500 | PRRFY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRRFY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is J Sainsbury PLC OTC (JSAIY) (Consumer Defensive) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| J Sainsbury PLC OTC | -0.05 | 0.03 | 0.01 | 75 | Consumer Defensive | |
| Kimberly-Clark de Mexico | -0.03 | 0.05 | 0.03 | 76 | Consumer Defensive | |
| Shiseido Company Ltd | -0.03 | -0.01 | 0.03 | 60 | Consumer Defensive | |
| Adecoagro S.A. | -0.01 | -0.02 | -0.00 | 53 | Consumer Defensive | |
| Kirin Holdings Co Ltd | 0.03 | 0.02 | 0.04 | 86 | Consumer Defensive |
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