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
282 ETFs have low correlation with PEX (below 0.3), 42 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 60 | Inverse Equities, Leveraged Equities | PEX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 65 | Derivative Income | PEX vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.15 | -0.13 | 75 | Leveraged Currency | PEX vs YCS | |
| United States Gasoline Fund LP | -0.20 | -0.03 | 0.09 | 72 | Oil & Gas | PEX vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | -0.10 | -0.10 | 97 | Inflation-Protected Bonds | PEX vs RBIL |
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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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.13, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.13 | 0.25 | 0.34 | 72 | Real Estate | |
| Cloudflare, Inc. | 0.21 | 0.31 | 0.40 | 69 | Technology | |
| DBS Group Holdings Ltd ADR | 0.33 | 0.36 | 0.41 | 97 | Financial Services |
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