Looking to diversify beyond PICK? The ETFs below have the lowest correlation with PICK — 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 PICK.
Best Diversifiers for PICK
305 ETFs have low correlation with PICK (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.42 | -0.46 | 51 | Currency | PICK vs UUP | |
| ProShares Short Bitcoin ETF | -0.39 | -0.28 | -0.32 | 57 | Cryptocurrency | PICK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PICK vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | PICK vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 70 | Derivative Income | PICK vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PICK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PICK and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.00, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.00 | 0.21 | 0.37 | 75 | Energy | |
| Chevron Corporation | 0.01 | 0.22 | 0.38 | 70 | Energy | |
| Berkshire Hathaway Inc. | 0.02 | 0.19 | 0.36 | 53 | Financial Services | |
| Enbridge Inc. | 0.02 | 0.27 | 0.43 | 88 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.13 | 0.29 | 0.36 | 80 | Energy |
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