Looking to balance out your exposure to PEP? The ETFs below have the lowest correlation with PEP — they tend to move on their own, which can help reduce risk when PEP drops. The stock ideas table highlights individual companies that behave independently from PEP.
Best Diversifiers for PEP
247 ETFs have low correlation with PEP (below 0.3), 151 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.34, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.34 | -0.19 | -0.03 | 60 | Leveraged Equities, Semiconductors | PEP vs USD | |
| Roundhill Generative AI & Technology ETF | -0.32 | -0.17 | — | 74 | Technology Equities | PEP vs CHAT | |
| State Street Technology Select Sector SPDR ETF | -0.32 | -0.11 | 0.09 | 54 | Technology Equities | PEP vs XLK | |
| iShares U.S. Technology ETF | -0.31 | -0.13 | 0.06 | 54 | Technology Equities | PEP vs IYW | |
| iShares Global Tech ETF | -0.31 | -0.11 | 0.08 | 64 | Technology Equities | PEP vs IXN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEP and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.33, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.33 | -0.21 | -0.08 | 81 | Technology | |
| NVIDIA Corporation | -0.28 | -0.19 | -0.03 | 63 | Technology | |
| Marvell Technology, Inc. | -0.27 | -0.16 | -0.02 | 91 | Technology | |
| Palo Alto Networks, Inc. | -0.26 | -0.08 | 0.03 | 85 | Technology | |
| Interactive Brokers Group, Inc. | -0.26 | -0.10 | -0.00 | 83 | Financial Services |
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