Looking to diversify beyond PBJ? The ETFs below have the lowest correlation with PBJ — 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 PBJ.
Best Diversifiers for PBJ
1171 ETFs have low correlation with PBJ (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.16 | 0.07 | 0.18 | 82 | Leveraged Equities, Semiconductors | PBJ vs USD | |
| ProShares UltraShort Yen | -0.15 | -0.10 | -0.05 | 63 | Leveraged Currency | PBJ vs YCS | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.12 | — | — | 70 | Technology Equities | PBJ vs FAI | |
| KraneShares Artificial Intelligence & Technology E... | -0.11 | — | — | 54 | Technology Equities | PBJ vs AGIX | |
| Pacer Data and Digital Revolution ETF | -0.10 | 0.15 | 0.23 | 76 | Technology Equities | PBJ vs TRFK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBJ and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.16, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.16 | 0.24 | 0.31 | 70 | Energy | |
| Avis Budget Group, Inc. | 0.19 | 0.30 | 0.33 | 57 | Industrials | |
| Walmart Inc. | 0.43 | 0.42 | 0.47 | 69 | Consumer Defensive |
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