Looking to diversify beyond PEMX? The ETFs below have historically moved differently from PEMX, 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 PEMX
258 ETFs have low correlation with PEMX (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.32 | — | 61 | Cryptocurrency | PEMX vs BITI | |
| Alpha Architect Tail Risk ETF | -0.28 | -0.08 | — | 56 | Options Trading | PEMX vs CAOS | |
| Invesco DB Energy Fund | -0.27 | -0.08 | — | 72 | Oil & Gas | PEMX vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.07 | — | 52 | Oil & Gas | PEMX vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | PEMX vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PEMX, 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 Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.30, roughly unchanged from 0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.30 | 0.32 | — | 92 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.41 | 0.48 | — | 98 | Technology | |
| Sandisk Corporation | 0.57 | — | — | 100 | Technology | |
| Coherent Corp. | 0.58 | 0.59 | — | 87 | Technology | |
| Teradyne, Inc. | 0.67 | 0.63 | — | 96 | Technology |
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