Looking to diversify beyond PNQI? The ETFs below have the lowest correlation with PNQI — 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 PNQI.
Best Diversifiers for PNQI
413 ETFs have low correlation with PNQI (below 0.3), 55 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.49 | -0.49 | -0.49 | 99 | Leveraged Equities, Semiconductors | PNQI vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 60 | Inverse Equities, Leveraged Equities | PNQI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 65 | Derivative Income | PNQI vs WNTR | |
| Tortoise North American Pipeline Fund | -0.20 | 0.11 | 0.25 | 77 | Energy Equities | PNQI vs TPYP | |
| United States Gasoline Fund LP | -0.18 | -0.04 | 0.05 | 72 | Oil & Gas | PNQI vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PNQI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PNQI and solid risk/return profiles. The least correlated is AdaptHealth Corp. (AHCO) (Healthcare) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AdaptHealth Corp. | 0.18 | 0.25 | 0.35 | 52 | Healthcare | |
| NVIDIA Corporation | 0.31 | 0.48 | 0.58 | 69 | Technology | |
| Tesla, Inc. | 0.37 | 0.47 | 0.53 | 66 | Consumer Cyclical |
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