Looking to balance out your exposure to PRU? The ETFs below have the lowest correlation with PRU — they tend to move on their own, which can help reduce risk when PRU drops. The stock ideas table highlights individual companies that behave independently from PRU.
Best Diversifiers for PRU
3 ETFs have low correlation with PRU (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.14, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.14 | 0.24 | 0.37 | 66 | Technology Equities | PRU vs XLK | |
| Vanguard Information Technology ETF | 0.15 | 0.25 | 0.38 | 58 | Technology Equities | PRU vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.19 | 0.28 | — | 63 | Nasdaq-100, Derivative Income | PRU vs JEPQ | |
| Schwab U.S. Dividend Equity ETF | 0.48 | 0.62 | 0.69 | 77 | Dividend | PRU vs SCHD | |
| iShares Core Dividend Growth ETF | 0.56 | 0.64 | 0.69 | 75 | Large Cap Growth Equities, Dividend | PRU vs DGRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRU and solid risk/return profiles. The least correlated is ASE Technology Holding Co., Ltd. (ASX) (Technology) with a 1Y correlation of -0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASE Technology Holding Co., Ltd. | -0.02 | 0.17 | 0.28 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.00 | 0.12 | 0.24 | 93 | Technology | |
| Altria Group, Inc. | 0.00 | 0.18 | 0.28 | 72 | Consumer Defensive | |
| BP p.l.c. | 0.00 | 0.15 | 0.33 | 77 | Energy | |
| BCE Inc. | 0.01 | 0.15 | 0.29 | 58 | Communication Services |
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