Looking to balance out your exposure to PZG? The ETFs below have the lowest correlation with PZG — they tend to move on their own, which can help reduce risk when PZG drops. The stock ideas table highlights individual companies that behave independently from PZG.
Best Diversifiers for PZG
1 ETFs have low correlation with PZG (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.14 | 0.13 | 0.17 | 96 | Asia Pacific Equities | PZG vs EWY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PZG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PZG and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.05 | 0.10 | 0.11 | 99 | Technology | |
| Seagate Technology plc | 0.05 | 0.05 | 0.08 | 99 | Technology | |
| Jabil Inc. | 0.06 | 0.08 | 0.10 | 92 | Technology | |
| Worthington Steel Inc | 0.08 | 0.10 | 0.10 | 74 | Basic Materials | |
| H.B. Fuller Company | 0.08 | 0.07 | 0.08 | 51 | Basic Materials |
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