Looking to diversify beyond PGX? The ETFs below have historically moved differently from PGX, 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 PGX
255 ETFs have low correlation with PGX (below 0.3), 80 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PGX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.38 | -0.25 | — | 61 | Cryptocurrency | PGX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | PGX vs MSTZ | |
| United States Oil Fund LP | -0.33 | -0.11 | 0.02 | 55 | Oil & Gas | PGX vs USO | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | -0.32 | -0.32 | 75 | Derivative Income | PGX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PGX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.23 | 0.07 | 0.13 | 84 | Energy | |
| Devon Energy Corporation | -0.20 | 0.07 | 0.17 | 76 | Energy | |
| The Coca-Cola Company | -0.07 | 0.11 | 0.18 | 90 | Consumer Defensive | |
| Verizon Communications Inc. | -0.06 | 0.12 | 0.16 | 66 | Communication Services | |
| Enbridge Inc. | -0.02 | 0.25 | 0.30 | 85 | Energy |
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