Looking to balance out your exposure to PRYMY? The ETFs below have the lowest correlation with PRYMY — they tend to move on their own, which can help reduce risk when PRYMY drops. The stock ideas table highlights individual companies that behave independently from PRYMY.
Best Diversifiers for PRYMY
1 ETFs have low correlation with PRYMY (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | 0.05 | 0.12 | 74 | Commodities | PRYMY vs PDBC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRYMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRYMY and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.16 | -0.14 | 0.02 | 68 | Financial Services | |
| Tsakos Energy Navigation Ltd | -0.02 | 0.12 | 0.14 | 94 | Energy | |
| National HealthCare Corporation | 0.03 | 0.13 | 0.16 | 92 | Healthcare | |
| Navigator Holdings Ltd. | 0.06 | 0.18 | 0.22 | 86 | Energy | |
| Danaos Corporation | 0.15 | 0.20 | 0.25 | 91 | Industrials |
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