Looking to diversify beyond PANG? The ETFs below have the lowest correlation with PANG — 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 PANG.
Best Diversifiers for PANG
11 ETFs have low correlation with PANG (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long TSM Daily ETF | 0.08 | — | — | 72 | Leveraged Equities | PANG vs TSMG | |
| GraniteShares 2x Long MU Daily ETF | 0.10 | — | — | 98 | Leveraged Equities | PANG vs MULL | |
| Direxion Daily MU Bull 2X Shares | 0.10 | — | — | 99 | Leveraged Equities, Semiconductors | PANG vs MUU | |
| Leverage Shares 2X Long AMD Daily ETF | 0.11 | — | — | 94 | Leveraged Equities | PANG vs AMDG | |
| Direxion Daily AMD Bull 2X Shares | 0.12 | — | — | 95 | Leveraged Equities | PANG vs AMUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PANG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PANG and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 1.00 | — | — | 80 | Technology |
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