Looking to diversify beyond PEY? The ETFs below have the lowest correlation with PEY — 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 PEY.
Best Diversifiers for PEY
622 ETFs have low correlation with PEY (below 0.3), 18 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.12 | -0.07 | 61 | Leveraged Currency | PEY vs YCS | |
| Horizon Landmark ETF | -0.07 | -0.03 | -0.03 | 98 | Ultrashort Bond | PEY vs BENJ | |
| iShares Diversified Commodity Swap UCITS ETF | -0.07 | -0.00 | — | 77 | Commodities | PEY vs ISCMF | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.00 | -0.03 | 100 | Ultrashort Bond | PEY vs SGOV | |
| iShares Enhanced Short-Term Bond Active ETF | -0.05 | 0.06 | 0.06 | 99 | Ultrashort Bond | PEY vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PEY and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.10 | 0.06 | 0.15 | 90 | Technology | |
| NVIDIA Corporation | -0.09 | 0.01 | 0.13 | 76 | Technology | |
| GE Vernova Inc. | -0.05 | 0.10 | 0.10 | 92 | Industrials | |
| Broadcom Inc. | -0.04 | 0.06 | 0.19 | 75 | Technology | |
| Celestica Inc. | -0.02 | 0.12 | 0.27 | 90 | Technology |
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