Looking to balance out your exposure to PEG? The ETFs below have the lowest correlation with PEG — they tend to move on their own, which can help reduce risk when PEG drops. The stock ideas table highlights individual companies that behave independently from PEG.
Best Diversifiers for PEG
13 ETFs have low correlation with PEG (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PEG vs BIL | |
| Invesco NASDAQ 100 ETF | 0.06 | 0.14 | 0.21 | 60 | Nasdaq-100 | PEG vs QQQM | |
| Vanguard S&P 500 ETF | 0.15 | 0.27 | 0.34 | 60 | S&P 500 | PEG vs VOO | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.16 | 0.14 | 0.15 | 87 | Inflation-Protected Bonds | PEG vs VTIP | |
| Vanguard Total Stock Market ETF | 0.16 | 0.28 | 0.34 | 60 | Large Cap Blend Equities | PEG vs VTI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEG and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.05 | 0.02 | 0.10 | 52 | Consumer Cyclical | |
| ConocoPhillips Company | -0.03 | 0.13 | 0.16 | 65 | Energy | |
| Broadcom Inc. | 0.01 | 0.07 | 0.13 | 71 | Technology | |
| Exxon Mobil Corporation | 0.01 | 0.14 | 0.18 | 74 | Energy | |
| First Solar, Inc. | 0.02 | 0.11 | 0.13 | 74 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PEG
Add PEG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PEG