Looking to balance out your exposure to PRTH? The ETFs below have historically moved differently from PRTH, 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 PRTH
0 ETFs have low correlation with PRTH (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 0.41, roughly unchanged from 0.32 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 | 0.41 | 0.34 | 0.32 | 67 | S&P 500 | PRTH vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRTH, 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 SoftBank Group Corp. (SFTBY) (Communication Services) with a 1Y correlation of 0.14, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SoftBank Group Corp. | 0.14 | 0.24 | 0.21 | 69 | Communication Services | |
| V2X Inc | 0.15 | 0.23 | 0.23 | 91 | Industrials | |
| DXP Enterprises, Inc. | 0.20 | 0.26 | 0.23 | 68 | Industrials | |
| Fortinet, Inc. | 0.26 | 0.22 | 0.22 | 81 | Technology | |
| Aveanna Healthcare Holdings Inc. | 0.28 | 0.24 | 0.21 | 91 | Healthcare |
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