Looking to balance out your exposure to PRS? The ETFs below have the lowest correlation with PRS — they tend to move on their own, which can help reduce risk when PRS drops. The stock ideas table highlights individual companies that behave independently from PRS.
Best Diversifiers for PRS
0 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 0.30, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.32 | 0.35 | 77 | Dividend | PRS vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRS and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.06 | 0.10 | 72 | Energy | |
| Johnson & Johnson | 0.08 | 0.13 | 0.15 | 96 | Healthcare | |
| PepsiCo, Inc. | 0.09 | 0.15 | 0.18 | 61 | Consumer Defensive | |
| AbbVie Inc. | 0.14 | 0.16 | 0.15 | 75 | Healthcare | |
| Starbucks Corporation | 0.19 | 0.17 | 0.25 | 55 | Consumer Cyclical |
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