Looking to diversify beyond PGJ? The ETFs below have the lowest correlation with PGJ — 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 PGJ.
Best Diversifiers for PGJ
443 ETFs have low correlation with PGJ (below 0.3), 69 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.19, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.19 | 0.02 | 0.06 | 66 | Oil & Gas | PGJ vs USO | |
| United States Brent Oil Fund LP | -0.18 | 0.02 | 0.06 | 65 | Oil & Gas | PGJ vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.17 | 0.00 | 0.00 | 56 | Derivative Income | PGJ vs USOY | |
| Invesco DB Energy Fund | -0.16 | 0.03 | 0.08 | 71 | Oil & Gas | PGJ vs DBE | |
| ProShares UltraShort Yen | -0.16 | -0.11 | -0.07 | 61 | Leveraged Currency | PGJ vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGJ and solid risk/return profiles. The least correlated is China Yuchai International Limited (CYD) (Industrials) with a 1Y correlation of 0.31, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Yuchai International Limited | 0.31 | 0.20 | 0.25 | 95 | Industrials | |
| Ping An Insurance Company of China | 0.39 | 0.65 | 0.63 | 71 | Financial Services | |
| Baidu, Inc. | 0.78 | 0.82 | 0.84 | 72 | Communication Services |
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