Looking to diversify beyond PEX? The ETFs below have the lowest correlation with PEX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PEX.
Best Diversifiers for PEX
240 ETFs have low correlation with PEX (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.15 | -0.13 | 61 | Leveraged Currency | PEX vs YCS | |
| VanEck Commodity Strategy ETF | -0.10 | 0.07 | — | 55 | Commodities | PEX vs PIT | |
| TCW AAA CLO ETF | -0.10 | — | — | 99 | CLO | PEX vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.10 | — | — | 98 | Inflation-Protected Bonds | PEX vs IBIC | |
| Breakwave Tanker Shipping ETF | -0.09 | -0.00 | -0.01 | 98 | Commodities | PEX vs BWET |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEX and solid risk/return profiles. The least correlated is Cloudflare, Inc. (NET) (Technology) with a 1Y correlation of 0.20, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cloudflare, Inc. | 0.20 | 0.32 | 0.40 | 55 | Technology | |
| DBS Group Holdings Ltd ADR | 0.33 | 0.36 | 0.42 | 96 | Financial Services | |
| BlackRock, Inc. | 0.61 | 0.60 | 0.65 | 52 | Financial Services |
Build a portfolio that complements PEX
Add PEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PEX