Looking to balance out your exposure to PEP? The ETFs below have historically moved differently from PEP, 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 PEP
267 ETFs have low correlation with PEP (below 0.3), 179 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.37, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.37 | -0.20 | -0.03 | 57 | Leveraged Equities, Semiconductors | PEP vs USD | |
| State Street Technology Select Sector SPDR ETF | -0.35 | -0.12 | 0.08 | 60 | Technology Equities | PEP vs XLK | |
| Direxion Daily Technology Bull 3X Shares | -0.34 | -0.12 | 0.08 | 53 | Leveraged Equities, Technology Equities | PEP vs TECL | |
| Fidelity MSCI Information Technology Index ETF | -0.34 | -0.13 | 0.07 | 58 | Technology Equities | PEP vs FTEC | |
| iShares Global Tech ETF | -0.34 | -0.12 | 0.07 | 66 | Technology Equities | PEP vs IXN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PEP, 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.33, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.33 | -0.21 | -0.08 | 84 | Technology | |
| Marvell Technology, Inc. | -0.31 | -0.18 | -0.03 | 90 | Technology | |
| NVIDIA Corporation | -0.29 | -0.19 | -0.03 | 63 | Technology | |
| Palo Alto Networks, Inc. | -0.28 | -0.09 | 0.02 | 91 | Technology | |
| Credo Technology Group Holding Ltd | -0.28 | -0.21 | -0.10 | 76 | Technology |
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