Looking to diversify beyond PVI? The ETFs below have the lowest correlation with PVI — 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 PVI.
Best Diversifiers for PVI
1209 ETFs have low correlation with PVI (below 0.3), 686 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.22, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.22 | -0.05 | — | 98 | Commodities | PVI vs BWET | |
| Renaissance International IPO ETF | -0.14 | -0.02 | 0.01 | 67 | Foreign Large Cap Equities | PVI vs IPOS | |
| Alpha Architect 1-3 Month Box ETF | -0.13 | 0.00 | — | 100 | Ultrashort Bond | PVI vs BOXX | |
| Gabelli Commercial Aerospace & Defense ETF | -0.13 | -0.00 | 0.01 | 57 | Aerospace & Defense | PVI vs GCAD | |
| iShares Currency Hedged MSCI EAFE Small Cap ETF | -0.12 | 0.03 | 0.03 | 73 | Foreign Small & Mid Cap Equities | PVI vs HSCZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PVI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PVI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.05 | 0.07 | 0.03 | 67 | Consumer Defensive |
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