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
320 ETFs have low correlation with PNQI (below 0.3), 33 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 98 | Ultrashort Bond | PNQI vs BAMU | |
| ProShares UltraShort Yen | -0.15 | -0.00 | -0.02 | 61 | Leveraged Currency | PNQI vs YCS | |
| Tortoise North American Pipeline Fund | -0.14 | 0.13 | 0.26 | 55 | Energy Equities | PNQI vs TPYP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | PNQI vs IBIC | |
| Alerian Energy Infrastructure ETF | -0.13 | 0.15 | 0.28 | 50 | Energy Equities | PNQI vs ENFR |
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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 0.16, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AdaptHealth Corp. | 0.16 | 0.25 | 0.35 | 53 | Healthcare | |
| NVIDIA Corporation | 0.35 | 0.49 | 0.59 | 76 | Technology | |
| Tesla, Inc. | 0.38 | 0.48 | 0.54 | 59 | Consumer Cyclical |
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