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) (South Korea Equities) with a 1Y correlation of 0.15, 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 | 0.15 | 0.13 | 0.17 | 87 | South Korea Equities, 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 IDT Corporation (IDT) (Communication Services) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IDT Corporation | 0.05 | 0.03 | 0.04 | 52 | Communication Services | |
| Western Digital Corporation | 0.09 | 0.10 | 0.13 | 99 | Technology | |
| TD SYNNEX Corporation | 0.09 | 0.06 | 0.09 | 92 | Technology | |
| Seagate Technology plc | 0.10 | 0.08 | 0.10 | 98 | Technology | |
| Micron Technology, Inc. | 0.11 | 0.12 | 0.12 | 99 | Technology |
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