Looking to diversify beyond PEXL? The ETFs below have historically moved differently from PEXL, 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 PEXL
218 ETFs have low correlation with PEXL (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | — | 61 | Cryptocurrency | PEXL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.10 | — | 56 | Options Trading | PEXL vs CAOS | |
| Invesco DB Energy Fund | -0.21 | -0.02 | 0.12 | 72 | Oil & Gas | PEXL vs DBE | |
| United States Brent Oil Fund LP | -0.19 | -0.01 | 0.11 | 52 | Oil & Gas | PEXL vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | PEXL vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PEXL, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.05, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.05 | 0.14 | 0.26 | 77 | Utilities |
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