Looking to balance out your exposure to PRZO? The ETFs below have historically moved differently from PRZO, 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 PRZO
1 ETFs have low correlation with PRZO (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.27, up from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.27 | 0.15 | — | 88 | Semiconductors, Technology Equities | PRZO vs SMH | |
| iShares Expanded Tech Sector ETF | 0.32 | 0.17 | — | 63 | Technology Equities | PRZO vs IGM | |
| Defiance Quantum ETF | 0.38 | 0.24 | — | 80 | Technology Equities | PRZO vs QTUM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRZO, 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 AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of 0.37, up from 0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.37 | 0.16 | — | 55 | Technology | |
| Rocket Lab USA, Inc. | 0.38 | 0.19 | — | 67 | Industrials | |
| Rigetti Computing Inc | 0.41 | 0.17 | — | 52 | Technology | |
| D-Wave Quantum Inc | 0.44 | 0.21 | — | 55 | Technology | |
| Intuitive Machines, Inc. | 0.44 | 0.23 | — | 56 | Industrials |
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