Looking to balance out your exposure to PGNY? The ETFs below have the lowest correlation with PGNY — they tend to move on their own, which can help reduce risk when PGNY drops. The stock ideas table highlights individual companies that behave independently from PGNY.
Best Diversifiers for PGNY
7 ETFs have low correlation with PGNY (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.09 | 0.14 | 0.30 | 97 | Leveraged Equities, Semiconductors | PGNY vs SOXL | |
| Convergence Long/Short Equity ETF | 0.12 | 0.13 | 0.18 | 95 | Long-Short | PGNY vs CLSE | |
| Invesco Semiconductors ETF | 0.13 | 0.17 | 0.32 | 96 | Semiconductors, Technology Equities | PGNY vs PSI | |
| Defiance Quantum ETF | 0.17 | 0.24 | 0.38 | 91 | Technology Equities | PGNY vs QTUM | |
| Invesco QQQ ETF | 0.17 | 0.21 | 0.37 | 73 | Nasdaq-100 | PGNY vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGNY and solid risk/return profiles. The least correlated is Adecoagro S.A. (AGRO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Adecoagro S.A. | 0.01 | 0.11 | 0.20 | 64 | Consumer Defensive | |
| Tesla, Inc. | 0.03 | 0.17 | 0.29 | 55 | Consumer Cyclical | |
| BigBear.ai Holdings, Inc. | 0.07 | 0.17 | — | 52 | Technology | |
| ASA Gold and Precious Metals Limited | 0.08 | 0.14 | 0.15 | 79 | Financial Services | |
| IonQ, Inc. | 0.10 | 0.21 | 0.31 | 64 | Technology |
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