Looking to diversify beyond PGX? The ETFs below have the lowest correlation with PGX — 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 PGX.
Best Diversifiers for PGX
224 ETFs have low correlation with PGX (below 0.3), 63 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PGX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.36 | -0.25 | -0.25 | 57 | Cryptocurrency | PGX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | PGX vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.34 | -0.34 | 51 | Currency | PGX vs UUP | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 70 | Derivative Income | PGX vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.17 | 0.08 | 0.14 | 75 | Energy | |
| Devon Energy Corporation | -0.15 | 0.09 | 0.17 | 72 | Energy | |
| Verizon Communications Inc. | -0.04 | 0.14 | 0.16 | 57 | Communication Services | |
| The Coca-Cola Company | -0.03 | 0.11 | 0.18 | 83 | Consumer Defensive | |
| Enbridge Inc. | -0.02 | 0.26 | 0.30 | 88 | Energy |
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