Looking to balance out your exposure to PEGA? The ETFs below have the lowest correlation with PEGA — they tend to move on their own, which can help reduce risk when PEGA drops. The stock ideas table highlights individual companies that behave independently from PEGA.
Best Diversifiers for PEGA
1 ETFs have low correlation with PEGA (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Materials) with a 1Y correlation of 0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.04 | 0.17 | 0.24 | 75 | Materials | PEGA vs COPX | |
| Vanguard S&P 500 ETF | 0.35 | 0.47 | 0.55 | 70 | S&P 500 | PEGA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.47 | 0.55 | 70 | S&P 500 | PEGA vs SPY | |
| Fidelity MSCI Information Technology Index ETF | 0.36 | 0.47 | 0.56 | 77 | Technology Equities | PEGA vs FTEC | |
| Global X Artificial Intelligence & Technology ETF | 0.38 | 0.50 | 0.59 | 81 | Technology Equities | PEGA vs AIQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEGA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEGA and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of -0.16, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | -0.16 | -0.03 | 0.01 | 87 | Healthcare | |
| Eli Lilly and Company | -0.04 | 0.11 | 0.14 | 72 | Healthcare | |
| CF Industries Holdings, Inc. | -0.03 | 0.08 | 0.07 | 60 | Basic Materials | |
| Micron Technology, Inc. | 0.00 | 0.20 | 0.30 | 99 | Technology | |
| Apple Inc | 0.02 | 0.21 | 0.36 | 89 | Technology |
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