Looking to balance out your exposure to PTGX? The ETFs below have historically moved differently from PTGX, 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 PTGX
3 ETFs have low correlation with PTGX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.19 | 0.16 | 0.14 | 90 | Government Bonds, Short-Term Bond | PTGX vs SHY | |
| Schwab Short-Term U.S. Treasury ETF | 0.20 | 0.15 | 0.12 | 91 | Government Bonds, Short-Term Bond | PTGX vs SCHO | |
| Vanguard Short-Term Corporate Bond ETF | 0.26 | 0.22 | 0.22 | 81 | Corporate Bonds | PTGX vs VCSH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PTGX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.02, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.02 | 0.07 | 0.11 | 66 | Consumer Defensive | |
| Texas Pacific Land Corporation | 0.03 | 0.07 | 0.12 | 62 | Energy | |
| Amprius Technologies Inc. | 0.05 | 0.05 | — | 61 | Industrials | |
| Micron Technology, Inc. | 0.06 | 0.12 | 0.20 | 99 | Technology | |
| Seagate Technology plc | 0.07 | 0.15 | 0.25 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PTGX
Add PTGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PTGX