Looking to diversify beyond PEMX? The ETFs below have the lowest correlation with PEMX — 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 PEMX.
Best Diversifiers for PEMX
204 ETFs have low correlation with PEMX (below 0.3), 46 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.08 | — | 71 | Oil & Gas | PEMX vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.07 | — | 65 | Oil & Gas | PEMX vs BNO | |
| Invesco DB Oil Fund | -0.28 | -0.04 | -0.04 | 65 | Oil & Gas | PEMX vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | PEMX vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | 0.02 | — | 72 | Commodities | PEMX vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEMX and solid risk/return profiles. The least correlated is Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.31, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.31 | 0.33 | — | 86 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.32 | 0.45 | — | 99 | Technology | |
| Sandisk Corp | 0.45 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.58 | 0.56 | — | 99 | Technology | |
| Teradyne, Inc. | 0.59 | 0.62 | — | 98 | Technology |
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