Looking to balance out your exposure to PERI? The ETFs below have the lowest correlation with PERI — they tend to move on their own, which can help reduce risk when PERI drops. The stock ideas table highlights individual companies that behave independently from PERI.
Best Diversifiers for PERI
1 ETFs have low correlation with PERI (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.27 | 0.36 | — | 60 | Nasdaq-100, Derivative Income | PERI vs JEPQ | |
| Vanguard Information Technology ETF | 0.30 | 0.39 | 0.48 | 50 | Technology Equities | PERI vs VGT | |
| SPDR Portfolio High Yield Bond ETF | 0.30 | 0.31 | 0.37 | 72 | High Yield Bonds | PERI vs SPHY | |
| Vanguard S&P 500 ETF | 0.34 | 0.38 | 0.48 | 66 | S&P 500 | PERI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PERI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PERI and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.06 | 0.06 | 0.15 | 67 | Energy | |
| British American Tobacco p.l.c. | 0.01 | 0.04 | 0.08 | 76 | Consumer Defensive | |
| Newmont Corporation | 0.04 | 0.09 | 0.09 | 76 | Basic Materials | |
| CEMEX, S.A.B. de C.V. | 0.10 | 0.20 | 0.30 | 90 | Basic Materials | |
| Vertiv Holdings Co. | 0.10 | 0.19 | 0.31 | 92 | Industrials |
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