Looking to balance out your exposure to PESI? The ETFs below have the lowest correlation with PESI — they tend to move on their own, which can help reduce risk when PESI drops. The stock ideas table highlights individual companies that behave independently from PESI.
Best Diversifiers for PESI
1 ETFs have low correlation with PESI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.26 | 0.19 | 0.16 | 53 | Japan Equities | PESI vs SCJ | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.33 | 0.25 | 70 | S&P 500 | PESI vs SPY | |
| Vanguard S&P 500 ETF | 0.39 | 0.33 | 0.25 | 70 | S&P 500 | PESI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PESI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PESI and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.07 | 0.08 | 0.07 | 85 | Energy | |
| Johnson & Johnson | -0.02 | -0.02 | 0.00 | 92 | Healthcare | |
| Precision Drilling Corporation | -0.01 | 0.17 | 0.11 | 92 | Energy | |
| Nutrien Ltd. | 0.00 | 0.08 | 0.08 | 58 | Basic Materials | |
| Golar LNG Limited | 0.05 | 0.14 | 0.10 | 65 | Energy |
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