Looking to balance out your exposure to PRT? The ETFs below have the lowest correlation with PRT — they tend to move on their own, which can help reduce risk when PRT drops. The stock ideas table highlights individual companies that behave independently from PRT.
Best Diversifiers for PRT
6 ETFs have low correlation with PRT (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Short Duration Bond Active ETF (NEAR) (Short-Term Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short Duration Bond Active ETF | -0.06 | -0.04 | -0.03 | 90 | Short-Term Bond | PRT vs NEAR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PRT vs BIL | |
| Virtus Newfleet ABS/MBS ETF | -0.02 | 0.00 | -0.05 | 83 | Mortgage Backed Securities | PRT vs VABS | |
| iShares 0-3 Month Treasury Bond ETF | 0.04 | -0.01 | -0.05 | 100 | Ultrashort Bond | PRT vs SGOV | |
| Janus Henderson AAA CLO ETF | 0.05 | 0.03 | 0.06 | 99 | CLO | PRT vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRT and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | 0.02 | 0.06 | 0.07 | 72 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.02 | 0.05 | 0.10 | 85 | Financial Services | |
| Oxford Lane Capital Corp. | 0.04 | 0.03 | 0.05 | 96 | Financial Services | |
| Frontline Ltd. | 0.07 | 0.10 | 0.18 | 95 | Energy | |
| Permian Basin Royalty Trust | 0.17 | 0.17 | 0.28 | 95 | Energy |
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Build a portfolio that complements PRT
Add PRT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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