Looking to balance out your exposure to PRTH? The ETFs below have the lowest correlation with PRTH — they tend to move on their own, which can help reduce risk when PRTH drops. The stock ideas table highlights individual companies that behave independently from PRTH.
Best Diversifiers for PRTH
0 ETFs have low correlation with PRTH (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.36, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.36 | 0.32 | 0.29 | 75 | Momentum, S&P 500 | PRTH vs SPMO | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.35 | 0.32 | 70 | S&P 500 | PRTH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRTH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRTH and solid risk/return profiles. The least correlated is SoftBank Group Corp. (SFTBY) (Communication Services) with a 1Y correlation of 0.16, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SoftBank Group Corp. | 0.16 | 0.25 | 0.21 | 93 | Communication Services | |
| Oracle Corporation | 0.19 | 0.18 | 0.17 | 58 | Technology | |
| DXP Enterprises, Inc. | 0.24 | 0.27 | 0.23 | 80 | Industrials | |
| Fortinet, Inc. | 0.27 | 0.22 | 0.21 | 66 | Technology | |
| AppLovin Corporation | 0.31 | 0.27 | 0.25 | 59 | Technology |
Build a portfolio that complements PRTH
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