Looking to balance out your exposure to PTGX? The ETFs below have the lowest correlation with PTGX — they tend to move on their own, which can help reduce risk when PTGX drops. The stock ideas table highlights individual companies that behave independently from PTGX.
Best Diversifiers for PTGX
4 ETFs have low correlation with PTGX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.10 | 0.20 | 0.30 | 64 | Nasdaq-100 | PTGX vs QQQ | |
| Schwab Short-Term U.S. Treasury ETF | 0.16 | 0.15 | 0.12 | 88 | Government Bonds, Short-Term Bond | PTGX vs SCHO | |
| iShares 1-3 Year Treasury Bond ETF | 0.19 | 0.16 | 0.14 | 85 | Government Bonds, Short-Term Bond | PTGX vs SHY | |
| Vanguard Short-Term Corporate Bond ETF | 0.22 | 0.21 | 0.21 | 78 | Corporate Bonds | PTGX vs VCSH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTGX and solid risk/return profiles. The least correlated is Amprius Technologies Inc. (AMPX) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amprius Technologies Inc. | 0.02 | 0.04 | — | 72 | Industrials | |
| Micron Technology, Inc. | 0.03 | 0.11 | 0.21 | 99 | Technology | |
| Altria Group, Inc. | 0.03 | 0.08 | 0.12 | 79 | Consumer Defensive | |
| Texas Pacific Land Corporation | 0.03 | 0.07 | 0.13 | 55 | Energy | |
| Seagate Technology plc | 0.04 | 0.15 | 0.25 | 99 | Technology |
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