Looking to diversify beyond PBRG? The ETFs below have the lowest correlation with PBRG — 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 PBRG.
Best Diversifiers for PBRG
3 ETFs have low correlation with PBRG (below 0.3), 2 of which are negatively correlated. The least correlated is Direxion Daily S&P Biotech Bull 3x Shares (LABU) (Leveraged Equities) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Biotech Bull 3x Shares | -0.12 | -0.12 | -0.12 | 95 | Leveraged Equities | PBRG vs LABU | |
| Direxion Daily MU Bull 2X Shares | -0.06 | -0.06 | -0.06 | 99 | Leveraged Equities, Semiconductors | PBRG vs MUU | |
| Innovator Growth Accelerated Plus ETF - July | 0.04 | 0.04 | 0.04 | 67 | Leveraged Equities | PBRG vs QTJL |
Diversification Analysis
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