Looking to balance out your exposure to PGEN? The ETFs below have the lowest correlation with PGEN — they tend to move on their own, which can help reduce risk when PGEN drops. The stock ideas table highlights individual companies that behave independently from PGEN.
Best Diversifiers for PGEN
10 ETFs have low correlation with PGEN (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.17, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.17 | 0.25 | 0.32 | 89 | Leveraged Equities, Semiconductors | PGEN vs USD | |
| Invesco NASDAQ 100 ETF | 0.23 | 0.29 | 0.37 | 75 | Nasdaq-100 | PGEN vs QQQM | |
| VanEck Semiconductor ETF | 0.23 | 0.28 | 0.34 | 96 | Semiconductors, Technology Equities | PGEN vs SMH | |
| Invesco QQQ ETF | 0.23 | 0.29 | 0.37 | 74 | Nasdaq-100 | PGEN vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.24 | 0.29 | 0.31 | 75 | Momentum, S&P 500 | PGEN vs SPMO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGEN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.20 | 0.29 | 80 | Technology | |
| Apple Inc | 0.11 | 0.15 | 0.26 | 90 | Technology | |
| AST SpaceMobile, Inc. | 0.13 | 0.24 | 0.29 | 89 | Communication Services | |
| UnitedHealth Group Incorporated | 0.14 | 0.12 | 0.11 | 66 | Healthcare | |
| Tesla, Inc. | 0.16 | 0.18 | 0.28 | 58 | Consumer Cyclical |
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