Looking to diversify beyond PBRG? The ETFs below have historically moved differently from PBRG, 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 PBRG
2 ETFs have low correlation with PBRG (below 0.3), 1 of which are negatively correlated. The least correlated is Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) (Leveraged Equities) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MSCI Mexico Bull 3X Shares | -0.03 | -0.03 | -0.03 | 51 | Leveraged Equities | PBRG vs MEXX | |
| ProShares Ultra MSCI Emerging Markets | 0.01 | 0.01 | 0.01 | 54 | Leveraged Equities | PBRG vs EET | |
| Direxion Daily Brazil Bull 2X Shares | 0.32 | 0.32 | 0.32 | 65 | Leveraged Equities | PBRG vs BRZU | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.57 | 0.57 | 0.57 | 75 | Leveraged Equities | PBRG vs NRGU |
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