Looking to diversify beyond PBJ? The ETFs below have historically moved differently from PBJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PBJ
1346 ETFs have low correlation with PBJ (below 0.3), 175 of which are negatively correlated. The least correlated is Pacer Data and Digital Revolution ETF (TRFK) (Technology Equities) with a 1Y correlation of -0.22, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Data and Digital Revolution ETF | -0.22 | 0.10 | 0.19 | 50 | Technology Equities | PBJ vs TRFK | |
| ProShares Ultra Semiconductors | -0.22 | 0.03 | 0.16 | 57 | Leveraged Equities, Semiconductors | PBJ vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.20 | — | — | 53 | Artificial Intelligence, Technology Equities | PBJ vs FAI | |
| Roundhill Generative AI & Technology ETF | -0.19 | 0.09 | 0.09 | 69 | Artificial Intelligence, Technology Equities | PBJ vs CHAT | |
| Columbia Select Technology ETF | -0.19 | 0.12 | — | 55 | Semiconductors, Technology Equities | PBJ vs SEMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.16, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.16 | 0.23 | 0.30 | 72 | Energy | |
| Berkshire Hathaway Inc. | 0.25 | 0.41 | 0.50 | 66 | Financial Services | |
| Philip Morris International Inc. | 0.38 | 0.38 | 0.44 | 63 | Consumer Defensive | |
| Walmart Inc. | 0.47 | 0.43 | 0.47 | 59 | Consumer Defensive |
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