Looking to diversify beyond PEJ? The ETFs below have the lowest correlation with PEJ — 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 PEJ.
Best Diversifiers for PEJ
333 ETFs have low correlation with PEJ (below 0.3), 59 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.41 | -0.41 | -0.41 | 99 | Leveraged Equities, Semiconductors | PEJ vs MUU | |
| Invesco DB Energy Fund | -0.36 | -0.15 | 0.04 | 53 | Oil & Gas | PEJ vs DBE | |
| United States Gasoline Fund LP | -0.33 | -0.11 | 0.04 | 78 | Oil & Gas | PEJ vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.08 | 0.08 | 51 | Commodities | PEJ vs GSG | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 68 | Inverse Equities, Leveraged Equities | PEJ vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEJ and solid risk/return profiles. The least correlated is Live Nation Entertainment, Inc. (LYV) (Communication Services) with a 1Y correlation of 0.44, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Live Nation Entertainment, Inc. | 0.44 | 0.52 | 0.65 | 68 | Communication Services | |
| Airbnb, Inc. | 0.56 | 0.61 | 0.67 | 53 | Consumer Cyclical |
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