Looking to balance out your exposure to PRZO? The ETFs below have the lowest correlation with PRZO — they tend to move on their own, which can help reduce risk when PRZO drops. The stock ideas table highlights individual companies that behave independently from PRZO.
Best Diversifiers for PRZO
2 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 0.21, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.21 | 0.13 | 0.13 | 94 | Semiconductors, Technology Equities | PRZO vs SMH | |
| iShares Expanded Tech Sector ETF | 0.21 | 0.12 | 0.12 | 61 | Technology Equities | PRZO vs IGM | |
| Invesco Dorsey Wright Technology Momentum ETF | 0.30 | — | — | 76 | Momentum, Technology Equities | PRZO vs PTF | |
| Defiance Quantum ETF | 0.34 | 0.21 | 0.21 | 88 | Technology Equities | PRZO vs QTUM | |
| Spear Alpha ETF | 0.35 | 0.18 | 0.18 | 65 | Technology Equities | PRZO vs SPRX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRZO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRZO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.18 | — | — | 60 | Communication Services | |
| Eos Energy Enterprises Inc | 0.31 | — | — | 61 | Industrials | |
| AST SpaceMobile, Inc. | 0.34 | — | — | 60 | Technology | |
| IonQ, Inc. | 0.36 | 0.17 | 0.17 | 58 | Technology | |
| Rigetti Computing Inc | 0.38 | 0.15 | 0.15 | 69 | Technology |
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