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
264 ETFs have low correlation with PEJ (below 0.3), 29 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.31 | -0.10 | 0.05 | 55 | Oil & Gas | PEJ vs UGA | |
| VanEck Commodity Strategy ETF | -0.24 | -0.05 | 0.00 | 57 | Commodities | PEJ vs PIT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | PEJ vs IBIC | |
| ProShares UltraShort Yen | -0.19 | -0.05 | -0.00 | 63 | Leveraged Currency | PEJ vs YCS | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.19 | -0.03 | -0.01 | 50 | Commodities | PEJ vs CMDT |
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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 | 52 | Communication Services |
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