Looking to balance out your exposure to PRS? The ETFs below have historically moved differently from PRS, 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 PRS
1 ETFs have low correlation with PRS (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.18, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.30 | 0.34 | 95 | Dividend | PRS vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRS, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.03 | 0.09 | 84 | Energy | |
| Johnson & Johnson | -0.05 | 0.10 | 0.13 | 97 | Healthcare | |
| AbbVie Inc. | -0.02 | 0.14 | 0.14 | 81 | Healthcare | |
| PepsiCo, Inc. | -0.00 | 0.12 | 0.16 | 50 | Consumer Defensive | |
| Starbucks Corporation | 0.16 | 0.16 | 0.25 | 68 | Consumer Cyclical |
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