Looking to diversify beyond PTH? The ETFs below have the lowest correlation with PTH — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PTH.
Best Diversifiers for PTH
286 ETFs have low correlation with PTH (below 0.3), 39 of which are negatively correlated. The least correlated is abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) (Commodities) with a 1Y correlation of -0.17, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.17 | 0.00 | 0.07 | 53 | Commodities | PTH vs BCI | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.16 | 0.01 | 0.07 | 52 | Commodities | PTH vs COMB | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.16 | 0.01 | 0.07 | 52 | Commodities | PTH vs CMDY | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.16 | 0.01 | 0.08 | 53 | Commodities | PTH vs DJP | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.16 | -0.01 | — | 65 | Commodities | PTH vs CMDT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTH and solid risk/return profiles. The least correlated is Lantheus Holdings, Inc. (LNTH) (Healthcare) with a 1Y correlation of 0.35, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lantheus Holdings, Inc. | 0.35 | 0.37 | 0.45 | 61 | Healthcare |
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