Looking to balance out your exposure to PENG? The ETFs below have the lowest correlation with PENG — they tend to move on their own, which can help reduce risk when PENG drops. The stock ideas table highlights individual companies that behave independently from PENG.
Best Diversifiers for PENG
0 ETFs have low correlation with PENG (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Kensho Final Frontiers ETF (ROKT) (Industrials Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 0.44 | 0.45 | 0.50 | 85 | Industrials Equities | PENG vs ROKT | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.57 | 0.60 | 60 | S&P 500 | PENG vs SPY | |
| Vanguard S&P 500 ETF | 0.58 | 0.57 | 0.60 | 60 | S&P 500 | PENG vs VOO | |
| Invesco QQQ ETF | 0.59 | 0.60 | 0.63 | 59 | Nasdaq-100 | PENG vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PENG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PENG and solid risk/return profiles. The least correlated is Crescent Energy Company (CRGY) (Utilities) with a 1Y correlation of 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Crescent Energy Company | 0.07 | 0.16 | 0.21 | 58 | Utilities | |
| CrowdStrike Holdings, Inc. | 0.24 | 0.35 | 0.39 | 66 | Technology | |
| General Electric Company | 0.25 | 0.31 | 0.37 | 80 | Industrials | |
| Nebius Group N.V. | 0.30 | — | — | 96 | Communication Services | |
| Cisco Systems, Inc. | 0.34 | 0.33 | 0.40 | 93 | Technology |
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