Looking to diversify beyond PGJ? The ETFs below have historically moved differently from PGJ, 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 PGJ
594 ETFs have low correlation with PGJ (below 0.3), 73 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.32 | -0.32 | 61 | Inverse Equities, Leveraged Equities | PGJ vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PGJ vs SBIT | |
| ProShares Short Bitcoin ETF | -0.39 | -0.25 | — | 61 | Cryptocurrency | PGJ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | -0.36 | -0.36 | 75 | Derivative Income | PGJ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.12 | — | 56 | Options Trading | PGJ vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PGJ, 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 China Yuchai International Limited (CYD) (Industrials) with a 1Y correlation of 0.28, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Yuchai International Limited | 0.28 | 0.21 | 0.25 | 88 | Industrials | |
| Ping An Insurance Company of China | 0.39 | 0.63 | 0.63 | 59 | Financial Services | |
| Baidu, Inc. | 0.77 | 0.81 | 0.83 | 61 | Communication Services |
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