Looking to balance out your exposure to PECO? The ETFs below have historically moved differently from PECO, 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 PECO
16 ETFs have low correlation with PECO (below 0.3), 3 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.14 | 0.01 | 0.16 | 87 | Semiconductors, Technology Equities | PECO vs SMH | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.11 | 0.10 | — | 55 | Nasdaq-100, Derivative Income | PECO vs JEPQ | |
| Invesco S&P 500 Equal Weight Technology ETF | -0.10 | 0.14 | 0.28 | 79 | Technology Equities, S&P 500, Equal Weight | PECO vs RSPT | |
| Amplify CWP International Enhanced Dividend Income... | 0.01 | 0.20 | — | 86 | Derivative Income, Dividend, Foreign Large Cap Equities | PECO vs IDVO | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.25 | 0.37 | 67 | S&P 500 | PECO vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PECO, 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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.13 | 0.04 | 0.15 | 96 | Technology | |
| Singapore Exchange Ltd ADR | -0.04 | 0.09 | 0.15 | 97 | Financial Services | |
| Neurocrine Biosciences, Inc. | 0.02 | 0.13 | 0.15 | 71 | Healthcare | |
| Dave Inc. | 0.03 | 0.09 | 0.13 | 71 | Technology | |
| Western Midstream Partners, LP | 0.05 | 0.16 | 0.22 | 80 | Energy |
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