Looking to balance out your exposure to PEG? The ETFs below have historically moved differently from PEG, 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 PEG
15 ETFs have low correlation with PEG (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.00, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.00 | 0.11 | 0.20 | 54 | Nasdaq-100 | PEG vs QQQ | |
| Invesco NASDAQ 100 ETF | -0.00 | 0.12 | 0.20 | 54 | Nasdaq-100 | PEG vs QQQM | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PEG vs BIL | |
| Vanguard S&P 500 ETF | 0.10 | 0.25 | 0.33 | 72 | S&P 500 | PEG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.25 | 0.33 | 71 | S&P 500 | PEG 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 PEG, 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 Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.13, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.13 | 0.04 | 0.06 | 69 | Technology | |
| Amazon.com, Inc | -0.06 | 0.01 | 0.10 | 68 | Consumer Cyclical | |
| Broadcom Inc. | -0.04 | 0.05 | 0.13 | 70 | Technology | |
| Alphabet Inc. Class A | -0.01 | 0.06 | 0.14 | 94 | Communication Services | |
| Apple Inc | -0.00 | 0.05 | 0.15 | 90 | Technology |
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