Looking to diversify beyond PEXL? The ETFs below have the lowest correlation with PEXL — 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 PEXL.
Best Diversifiers for PEXL
177 ETFs have low correlation with PEXL (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.39 | 57 | Cryptocurrency | PEXL vs BITI | |
| Invesco DB Energy Fund | -0.21 | -0.02 | 0.13 | 53 | Oil & Gas | PEXL vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | PEXL vs IBIC | |
| VanEck Energy Income ETF | -0.12 | 0.25 | 0.40 | 81 | Energy Equities | PEXL vs EINC | |
| Alerian Energy Infrastructure ETF | -0.12 | 0.25 | 0.42 | 77 | Energy Equities | PEXL vs ENFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEXL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEXL and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.10 | 0.15 | 0.24 | 73 | Utilities |
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