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
1 ETFs have low correlation with PENG (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus LifeSci Biotech Products ETF (BBP) (Health & Biotech Equities) with a 1Y correlation of 0.26, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus LifeSci Biotech Products ETF | 0.26 | 0.32 | 0.38 | 89 | Health & Biotech Equities | PENG vs BBP | |
| SPDR S&P Kensho Final Frontiers ETF | 0.45 | 0.45 | 0.51 | 70 | Industrials Equities | PENG vs ROKT | |
| Vanguard S&P 500 ETF | 0.59 | 0.57 | 0.60 | 66 | S&P 500 | PENG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.60 | 0.57 | 0.60 | 65 | S&P 500 | PENG vs SPY | |
| Invesco QQQ ETF | 0.64 | 0.62 | 0.64 | 53 | 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 | 0.15 | 0.21 | 64 | Utilities | |
| General Electric Company | 0.24 | 0.31 | 0.37 | 71 | Industrials | |
| CrowdStrike Holdings, Inc. | 0.27 | 0.35 | 0.39 | 81 | Technology | |
| BrightSpring Health Services, Inc | 0.33 | — | — | 99 | Healthcare | |
| USA Rare Earth, Inc | 0.35 | 0.25 | 0.25 | 52 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PENG
Add PENG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PENG