Looking to diversify beyond PEX? The ETFs below have historically moved differently from PEX, 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 PEX
319 ETFs have low correlation with PEX (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.31 | — | 61 | Cryptocurrency | PEX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PEX vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | PEX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | PEX vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.08 | — | 56 | Options Trading | PEX vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PEX, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.10, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.10 | 0.23 | 0.31 | 77 | Real Estate | |
| Cloudflare, Inc. | 0.23 | 0.31 | 0.39 | 64 | Technology | |
| DBS Group Holdings Ltd ADR | 0.31 | 0.35 | 0.40 | 98 | Financial Services |
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