Looking to balance out your exposure to PRX.AS? The ETFs below have the lowest correlation with PRX.AS — they tend to move on their own, which can help reduce risk when PRX.AS drops. The stock ideas table highlights individual companies that behave independently from PRX.AS.
Best Diversifiers for PRX.AS
0 ETFs have low correlation with PRX.AS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 UCITS ETF (VUSA.AS) (S&P 500) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 UCITS ETF | 0.37 | 0.33 | 0.37 | 70 | S&P 500 | PRX.AS vs VUSA.AS |
Diversification Analysis
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