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
1261 ETFs have low correlation with PBJ (below 0.3), 151 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.80, roughly unchanged from -0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.80 | -0.80 | -0.80 | 99 | Leveraged Equities, Semiconductors | PBJ vs MUU | |
| ProShares Ultra Semiconductors | -0.20 | 0.04 | 0.17 | 70 | Leveraged Equities, Semiconductors | PBJ vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.18 | — | — | 57 | Technology Equities | PBJ vs FAI | |
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.18 | -0.21 | 51 | Currency | PBJ vs UUP | |
| Pacer Data and Digital Revolution ETF | -0.17 | 0.12 | — | 64 | 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 0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.15 | 0.21 | 0.27 | 70 | Energy | |
| Berkshire Hathaway Inc. | 0.25 | 0.41 | 0.51 | 53 | Financial Services | |
| Walmart Inc. | 0.42 | 0.42 | 0.47 | 71 | Consumer Defensive | |
| The Hershey Company | 0.56 | 0.43 | 0.49 | 54 | Consumer Defensive |
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